Well said cw appreciate your view.Will be watching very closley...

Well said cw appreciate your view.Will be watching very closley the next few days for some possible nice short term gains on a short positions.Wont be going long until this dust has settled and a confirmation in a new upward trend has begun.I think there'll have to be more then just closing out of long positions to get down to the low 40's though.Some big boys short selling will certainly cause some sort of panic selling from the inexperienced nearing the bottom in which case should be around 40-42.I dont understand why they wait until the worst of the selling is over until they dump out, i know the cfd traders will be keeping their stops tight thats for sure.