A terrific session on the US markets as the plunge in equities during the morning, was reversed in the afternoon with an equally strong recovery, with the three sister indices all closing on the day with an extreme wick to the lower body and a close near the high of the session. A fantastic trading day and one with many VPA lessons, not least the importance of understanding the relational aspects of market behaviour of bonds and currencies all of which sent clear signals of this change in sentiment.