weekly look & dow

Quick look at the weekly chart of Downer



Price moves in a repetitive range. The Volume has been significant over the last few weeks with a possible low off today. Support albeit a small one at 4.45

White arrow show the two year bull run for the stock 2004-06 and than the same price range in a shorter time period recently.

Red arrows indicate price moves for the bears and the blue arrows indicate intermediate bullish moves. You would expect bullish price movement on low volume over the next few months till the 3rd quarter, or September sell down sessions over the general market.

If 3.70 breaks the lower trend support ( purple line) hello $3.00. If anyone was thinking what the hell thats a big gap under $3.00 spare a thought for the people walking near this gap ( hole ). DYOR my thoughts only, interested soon to be holder of DOW
http://www.mirror.co.uk/news/weird-world/2010/06/01/tropical-storm-blows-60m-deep-sinkhole-in-guatemala-city-amazing-pics-115875-22301072/