mqg- a great buy, page-29

Here is the report I mentioned yesterday.

0422 GMT [Dow Jones] Macquarie Group (MQG.AU) down 2.5% at A$47.48,
hits 4-week low
of A$47.42 despite S&P/ASX 200's early rise to 10-week high. Follows Goldman Sachs JBWere prediction yesterday that Macquarie's FY10 result on April 30 would disappoint the market, potentially pushing the stock down to the low A$40.00s. On the charts, Macquarie is poised to close below recent range support at A$48.30, after shying off resistance from potential descending triangle pattern last week, according to Dow Jones Newswires technical analysis. Daily charts show a broadening top pattern, which may lend support today near current levels. But with the market now becoming wary of the FY result, former support at A$48.30 might now turn into resistance. Expect some support at A$44.90 but if that level gives way, the triangle pattern will target A$31.00, although such a fall would no doubt require a major slump in the market or major disappointment
with the FY result.