This thread seems to have turned bullish very quickly!
My attempt at cycling some time ago produced a forest of dates but I think it's time to revisit!
Banks obviously collapsed over the last week into yesterdays low and to my eye made a good effort towards a rally back to the breakdown today... perhaps there's still a bit of juice left in the tank there.
Resources seem to have a bit of room to move before their turn comes but WES and WOW are still a long way from my sub $20 expectations so today caught me very much off guard. I guess the decline made me as bearish as anyone but todays rally doesn't look terribly different to the surge about two weeks ago so I wonder if the index may reverse in a similar manner over the next couple of days or (more logically imo) head sideways for a week or so before retesting the low.
for pingu219, page-38
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