asx 200, page-73

Hi Guys,

Hard day for a lot of midcaps, capitulation selling on many stocks.

Thought I'd post as you asked about support. I honestly don't know where Nuke gets his support ideas from, if you're watching let me know, I can sort of see 3.20, but have nothing at 3.00 or 2.70. I had 3.04 as support which was hit several times in November 2010 and then again in February. There may be something at 2.86 which is where it bottomed after Fukushima (I think) but that was a one off. The next support I have is 2.60 which is from March 2010 and is the high of the last trading range before jumping up late last year.
The indicators are all oversold though and I would not be surprised to see a little bounce. Maybe you should think about an exit there if your situation allows.

And don't listen to Dreamer above me, 2.20 is a nothing figure as well. Good luck we all need some.