I dont see how you can interpret the charts as an uptrend ticking along nicely
http://www.findata.co.nz/markets/nzx/peb/chart.htm
Its hugging the 50day ma and below the 200 day ma--bollenger bands are getting tight which could mean a breakout but aside from that buy time is usually when 50ma crosses above 200ma and maca is in positive territory
This would need to happen to start an uptrend-(if I understand correctly)
I agree no one is deciding anything atm---just waiting for something to happen---Its a hard on e to chart--Its more in FA territory atm waiting for an announcement and then if it comes -how much of an affect it will actually have on the SP---This last positive(?) report didnt really do much. Once the initial flurry was over it settled back to pretty much where it was before---Those who jumped in @ 94 obviously got it wrong (for the time being)--I believe the mistake could have been thinking we were still in the market hype of last year.
Now I think ,if positive announcements come,steady slow growth is a more realistic hope.