EMI has reversed the breakdown through the support level of £5.18 setting up a new small rising channel, within the larger falling trend channel. Is this new direction strong enough to win out over the larger trend line? I believe that there is a more than even chance that it will because of the way that the price has cut up through the 5&10-day sma's, whilst the 5-day sma has already cut through the 10-day sma and the pull-back of the price to the 5-day is, as we know, usually akin to winding up the "spring" ready for a major bounce; this could fly by about £1 like it did recently if this interpretaton of the T.A. is sound...any views on this would be welcome...T-trade perhaps? PaulPeryman.