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If it eventually comes back up to test the 50-day average, short-term traders could ride JAS for a 10% gain.
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"Government and research councils' funding wants you to test hypotheses and produce very specific, short-term high-impact results, " said Chris Newman, one of the researchers from the university's Wildlife Conservation Research Unit (WildCRU) who will be making the presentation.
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He spoke repeatedly about being merely a short-term replacement and even bizarrely suggested that he might retire from Test cricket before Ponting does.
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Look for a move to test the 15.90-16.00 range short-term.
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The short-term support (line b) was finally broken, as the Nikkei declined to test the 38.2% support (line 4).
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Unfortunately, without rigorous testing and accurate results with the aim of truly finding out how much stress the banking system can handle and adapting accordingly, these tests may not soothe in the short-term, but more likely leave markets extremely fragile when the next real-life test is had.
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As such, the real test of the strength and longevity of this recent rally will not come from the first short-term correction of a few percentage points, for buyers will show up on these first forays down.
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