It blew thru the 200 dma like a hot knife thru butter. You think a chart matters?
I say this as a long holding w/ a cost basis @ $16 and with little hope we'll see that level any time soon. My hope is that the group gets a bounce when Q4 earnings are released, but the more important aspect will be guidance for '08.
forget the chart. Recession fear, global slowdown fear, BDI fear, there's someone under the bed fear, China shipping rate manipulation fear, Bernanke is clueless fear, the sky is falling fear, Cramer bashed the group yesterday fear, are the only things that matter.