I'm a big believer in technicl analysis but I think it really goes out the window at this point. For what it's worth I see $1.25 as a reasonable area of horizontal support and then after that you're looking at the real panic days of last year such as August 9.
When I saw all the Diggers and Drillers sellers massing I got out at $1.45. My feeling is that that overhang should be gone after a few more days. I'll be looking for a big reversal day with prices around $1.15.
DML Price at posting:
$1.31 Sentiment: Hold Disclosure: Not Held
