GREY:MAAFF - Post by User
Post by
pangloss81on Dec 01, 2009 11:22pm
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Post# 16543638
volatility
volatilityIMO, the sp has not collapsed. It has retreated to previous support levels, roughly speaking. It dropped to 52, then very briefly, down to the low forties. We traded for a long time with the low forties being a support/resistance level. The same for the low fifties. We are in a new situation here, but (crossing my fingers) i think that our low today set a floor. There was a lot of buying pressure in response to that low...congrats to anybody who bought below 45.
However, i am concerned that the analysts downgrading could change things. We will see.