Neglected the current support from the lower BB, that being 0.29'ish. Nothing under 29, just mental supports. All other technical averages, etc., are higher, and are now future resistance.

Going from the previous P&D of July 2011, it took about three months to find the low before movement trended upwards, and then the more recent P&D of Dec 2011. If history repeats, might see continued downtrend and a consolidation low happen right around the middle of next week. Somewhat coincides with the Greek meeting of Mar15 where all the players sign off on the debt deal to "fix" this greek mess (then take it away on Mar 20 because a previous debt is due). If sp is to see 25 or even 20, then this might be the time. Two months after the low, the next P&D peaked. Just a warning that patterns are patterns, and they do not always repeat.

Might be a play here, and time to consider bids. Scaling in/out usually works best, as getting the absolute bottom/top is usually more of a factor of luck rather than the technicals.

Of course, as always, news will trump the technicals.