3 Mar 2008

GJ
It did a dive all the all to its year low at 204.6. The price this morning hit 204.4.

Support will lies at 204.4 and should GU break this price, a record low will be set at 200!
Of course, a likely reversal towards EMA21 (dailychart) at 209.3. Wait for CCI to reverese before placing long position.

GU
From the daily chart WMA5 nows sandwich between EMA100 and EMA200. A likely consolidation before a breakout would occur.

Resistance is at EMA200 (daily chart) at 1.997 and support is at EMA55 and EMA21 (daily chart) at 1.974

Wait for breakout for a clear GU direction.