The index remains at first glance very much where it was; a shade below this year’s overall highs but certainly holding on at a relatively elevated level. However, appearances can be deceptive. For there have been some changes to the picture and they’re quite encouraging ones for any bulls out there even if they’re hard to spot. For one thing the trading range has narrowed somewhat, in that its base is now clearly a little higher. Last week we were looking at 21,853, now it’s more like 21,173. At ...
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