This counter broke down on 13th Dec 2007 at $6.20 (mid term support)
Short term is still downtrending.
Too near the support of $5.70 - $5.75.
Too late to short now, to me at least.
Was thinking to short when it was at $7.00.
But given that my mentor said this counter is the leader of the market.
Short the weaker one than this counter.
In the end, he shorted it. Hahaha..... Maybe on the 13th Dec when the big down bar formed.
I am not taking the risk now. Perhaps when it breaks $5.70 support.
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