my take on it is ...6165 was resistance on the 9/8 and has was supportive in April and more recently 13 and 27/6....so fairly major barrier .....here which the market is acknowledging this morning....lots of positive daily indicators as well but cant see it taking it on today at least...if there's indecision it could find support back at 5925 and enter into a trading range between 6165 and 5925...we would need more positive news in the US tonight for upward through 6165 ....on the upside...6300 would grab my top bollinger band....hard to believe, fundamentally, the march low was what about 5640 and how much more do we know now? subprime, housing, easing economy...yet we value it by a further 9%....somethings got to give
my take on it is ...6165 was resistance on the 9/8 and has was...
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