^HOLDING & ^PROPERTY: index up today but still in a Downward Channel

^HOLDING & ^PROPERTY index is up today, but looking closely at the chart both are still in downward channel to me. So, I think this is just a bounce off from the support trend line.

Downward Channel
^HOLDING Index Chart as of January 09, 2008

Downward Channel
^PROPERTY Index Chart as of January 09, 2008