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TraderRich

05/14/08 8:34 PM

#6963 RE: J.C.N. #6961

My pleasure Brent...

As for support lvls on BLDV, overall I think it will be fairly choppy if we go below today's low all the way to .002. In other words, there is a lot of weak, potential support all down through the .002's. Having said that, imo the strongest areas appear to be at .0028 (today's low), .0025/24 (weak horizontal support), and at .0023 which is at the 50 DMA as well as an uptrend line drawn starting across the low of 4/22 and across the lows of the following two days.

If we go lower I don't see a lot of support until .0016/.0015. Below that and you might as well expect the gap to fill at .0008 which was made on 4/24.

Take care.

Rich