Hi Danny, TA still indeterminate. We finished 164.70 only on the 16th, also on massive volume (over 100m), then rallied. In fact, we've closed the day on 164+ a few times the past 4 weeks, then bounced.
To have a better idea where we might be headed, best look at today's closing SP. A close below 164 would be bearish. But keeping that 164+ support, whilst it offers no guarantees if we have more breaking news tomorrow, gives us hope of another bounce later.
Indeed guys. Contagion fears spreading again with the usual mischief-makers like MF adding to the flames by suggesting today that BARC may see a similar fate later. Volume fairly high so far, so grounds for caution.
Telatech, I hope you're right re Merkel, though we can't be sure. She may well stick to her line. Deutsche has so far declined to comment.
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