Not that I know anything or have any knowledge of the markets...but, I do believe we are witnesing a revaluation of our company along with all other equities. I reallly don't think tech analysis is going to help with a failing economy and a government that can't seem to function when it comes to getting started facing the obvious. Great companies, and I do mean great companies like Boeing and GE, and ABX are getting crushed as investors try to get a handle on when to reenter the market. BA has a target of $85 to $90 by most analysts and it can not perform. I think you can thorw all the targets out the window for the time being because it takes retail investors to move the pps and not just big hedge funds popping pennies up and down to sucker in the little guys. THe m arket is basically unregulated when it comes to stealing deposits in a 401k account using high frequency computers to take the deposits from large companies employees once a month. This is not to say spec plays won't make a few investors some money, but when the big DOW components can't get traction, it is time to back off and that is what we are seeing.
Thanks for your input. My only comment is WHAT GOVERNMENT? They only think about the next election.. I say if they don't get an agreement to Fiscal Cliff by December 1....they don't get paid and have to forego all pensions. Everyday I believe there is a ground swell growing that will make Greece look like a fight in a sandbox with 2 toddlers..