charts week beginning 7 nov 2011, page-43

IDL



GOA didn't get a chance but breaking to a new low on increased volume and spread is not good. The volume is high enough to be potential "stopping volume" and you have hit the lows from Aug 2010 - so that may help, but you are still in a steep downtrend and the red night on the DOW isn't going to help - we want to see now how well GOA absorbs all this supply ie we want to see the volume and spread dry right up if it goes down further - but at the moment there is nothing really telling us it can't go lower.