While you could be right gdn it's not as if the SP suddenly bounced for no reason and we have to look to IMC for an explanation. There are sound reasons for the re rating of the SP as have been discussed on this thread. My charting software says we are now in a new range and the top is around 4.8 cps. To break through that will need another trigger. I'd be more inclined to entertain the theory that IMC is creeping if the SP keeps climbing today and we break through to 5 cps + but I doubt that will happen.
While you could be right gdn it's not as if the SP suddenly...
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