Pennant failure, not pretty.I think they have been accumulated,...

Pennant failure, not pretty.

I think they have been accumulated, and are now going to be pushed up, but the only way of knowing this really is if they keep holding these critical price levels. $18.76 on WBC now being an obvious one. I guess better than $19.30 today after fri night in the US was a bit too much to hope for. There was a dump of 1 mill shares at $19.30, but this is small fry in comparison to the buying that has been going on, but the timing is a bit curious, I would have picked it as a time to go long if I was a serious trader.

Close below $18.76 gives target of $12 and would probably signal a much bigger down move in the indexes.

I expect our financials will all close at around Friday's levels, awaiting for direction from the US before making any substantial rally.

BAC in the US looks to really have bottomed, so I'm happy to leave open overnight for the moment.