25th June 2013

The market closed up 0.95% (or 14.94 points) today after more falls yesterday. Friday's recovery was not the market breaking out of a falling channel, rather, it looks like it was mostly just a move from the bottom of a descending channel towards the top of a descending channel although the larger channel was still broken and then re-tested. Not so good, but not so terrible either. I will post today's 5 day chart as it was at the market's close this evening. If I wasn't already long I would go long now at today's closing price of 1,588.03.