gunntrader
I can't work out what you are getting at saying that there is support back to june 07. This has already broken significant support going back to jan 07, at best this might close the gap leading up to dividend maybe to 8.65, but imho it will decline after that. ADX (directional) indicator on weekly is nearly giving a sell signal. ADX (daily) is suggesting further falls.
Need to gauge market sentiment, and that is decreasing weekly on the global economy, china etc. I could be wrong and hopefully I will be, but imo this will move back to 6.50ish over time. Unless significant events happen to change market sentiment.
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