amex trading 22/3, page-6

Hey guys, I'm not saying the picture is dire.

Snowy I note that price recovered from the intra-day low but it did close below the support level, albeit the day's volume was lower than average. Closing below the support level is hardly bullish you must agree with that at least. The next support from memory is 2.30, and the close below 2.50 support level means this is a distinct possibility. This is the technical situation, which will influence trading until more fundamental news is released, or until buyers step (which will happen, we have seen this now several times) in in anticipation of the next news release.

Cheers, Sharks.