all eyes on the q-report, page-12

Hmmm,

It's not looking too happy now and the chart doesn't offer much solace either.

I beleive it has now broken the long, gentle, uptrending line from the 38 cent low of October '08. Also, there does not appear to be a hell of a lot in the way of clear horizontal support lines either.

Fib retracements based on the rise from the October '08 low to the January '10 high are around 84 cents for a 50% retracement and 71 cents for a 61% retracement.

Going to be an interesting one.