Dondon

My guess on the recent price upswing is that SP is following the general market and oil price rallies. SP spike also coincides with recent PDP earnings report and speculation revolving around PDP selling the Argentinian assets, everyone loves rumors..High volume is probably due to people panicking to buy back in. Earnings due next week, PDP rumours have been answered today, oil bobbing up and down faster than a cheap hooker doing a trick,,interesting indeed.. I think you're a little high on price levels,,if this upswing in SP is thought to be for real then there will a massive attempt by shorts to clear the lower support levels prior to another major upswing.. I'm guessing the $1.23 support level will be taken out and the 1.15 tested..My range for the next few days 1.16 to 1.30.. This will depend on whether the traditional Friday sell off takes place. Now of course if I'm wrong, I'll be happy as a pig in you know what.

U.S unemployment numbers due tomorrow