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The Yogi

02/07/10 3:46 AM

#148329 RE: WAMUCrazy #147836

“Does the .20s seem like the new baseline?”

WAMUCrazy, some very smart people believe that “support” and “resistance” areas/levels (“demand” and “supply”, .i.e., “buying” and “selling” areas/levels) should be drawn with a crayon and not with a pencil. Therefore, in keeping with that basic idea, I would say that the new support/baseline is in the $0.18 to $0.20 area/range.
Of course, this is all imo.