Noront has been chewing it's way through any ( silly?) sellers there happen to be between the $4.50 to $5.50 range.

We might see her break $5.50 with gusto, only to see it retrace when the last of the sellers get off the train at that price.

But, that should be it for any significant resistance on the chart. Pennant type formations don't tend to hold down SP with resistance, historically. Sure, we might see some slowdown in the $7.00 zone, but then again, we might not. It's a "high water mark" so to speak, and psychologically embedded in the fears/hopes of investors and shorters alike.

Again, these are all guesses and projections, and if we get extremely significant news, all bets are off. We might see a gap up, we might not.

However, I think the chart is holding up very well, and while the daily chart looks to be oscillating wildly over the last few months, you can see a beautiful channel forming on the weekly chart, for the long term investing types. In a long term play, you can drive yourself nutso watching the daily charts, if you don't compare it in context to a weekly chart.

Just some thoughts, not investing advice, especially after my thick-headedness yesterday!

GLTAL