Day Rabbitoh and any body interested,My take on...

Day Rabbitoh and any body interested,
My take on support/resistrance in IGR is this.
Long term support is at 21.5 beginning with a Genuine Breakaway Gap on 7/5/09 and touched three times on the 18/8/09, 29/10/09 and the 1/2/10 - very strong.
Short term support is at 24 on the 4 and 5/3/10.
Long term resistance is a downsloping trendline beginning at the top of 2/6/09 around 37 to 18/9/09 at 34, then 32 on the 26/11/09. ATM a break of this line would be about 30 cents.
Short term resistance is a line drawn from top at 29 on 11/1/10 to top on 8/3/10 at 27.5, or if you like, simply the top on the 8th at 27.5.
A break of the long term support at 21.5 would cause panic and of course on the other foot a break with strong volume of the downsloping resistance line would be euphoric.

falko