That still means the stock is in a downtrend. Lower highs, lower lows etc...
Look at the differences in patterns between 61 low May 2010 and 61 low March 2011.
DJIA still plenty of downside and AUD high. It's a bad short-term outlook methinks (other stocks included).
For ESG I can't think of what's going to change in the next 3 months to change the trend direction, although obviously would be happy to be surprised!