weekend charting 020710, page-2

Johno,
Just reposting your replies here under the right date I muck the thread start up and have asked the mods to delete the old one..
Lets use this one..
Cheers Pete

Johno247,

4.4c/4.5c first target? Close of gap and 32%fib retracement? Also horizontal support there too. As usual wait for volatility and volume to drop or look for a candlestick reversal.

Keep an eye on the 20 and 50 EMA for converging support as well IMO. Theres a lot of converging support around that 4.5c area so see if one or both lines up as well.

Market depth is also saying 4.5c