weekend charting 29-01-10, page-58

BSL - geez what a crazy chart, more gaps than a picket fence. The fact that it's still gapping down on solid volumes means there's still quite some selling pressure there. I zoomed out a little so you can see there are two downward channels, it's broken from the main one it's been in since August and may have a bounce off the smaller bottom one (I would guess if and only if we see a rally in the overall market) but I actually think the 2.47 level is around about where it's "natural growth trend" is - I've marked this with the arrows. If it breaks that I'd be looking for a better horse.