From what I can see, and I am 100% TA, the underlying trend (not the Short Term guys)is very very stable. Even as the short term traders where recently chopping up stock scalping quick small point gains, the underlying trend that lies beneath is very strong and has been since Oct 2007.
What I think we are seeing now is not just movement at the station but something very substantial from a technical perspective. Obviously you are still going to get the traders, which is fine, they supply the volume. But at this point in time, there is, in my opinion, massive blue sky.
RCH
richfield group limited
