wheres dan?, page-3

hi mate, sorry I've been on course all day. The current sp is right, based on the rally from Friday, I expected it to test $3 and come down from here, $3 being a nice whole number. Current sp $2.82 is excellent, if the US mkts continue to rally today - current 100 pts up. Previous support levels $2.70 are now resistance levels, we've also crossed the 50 day MAP today. Once we enter $3 I would expect a bit of volatility between $3 - $4, therefore if you'd rather avoid the pain, then anything priced under this level, presents an opportunity to avoid the headaches. All the bad news to date has been factored in the sp already. So it will not go much lower. Odds/sentiment has certainly changed in the favour of bulls. Depends on your strategy from here on in...short/long term gain.