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Message: RE: chart watching/mr.burns

RE: chart watching/mr.burns

posted on Mar 09, 2006 10:12AM
That .33-.34 zone created back in the beginning of the year was just weird to me. I can`t figure that one at all. However, previous to that 11 day period was also a gap bet. .33 and .34 (+/-) in 11/04 which didn`t hold and makes a case for resistance.

Before that, I believe, is resistance right where we are now (.16-.18) which was support before and after the run in 11/04. We may be here for a bit.

On the other hand, the huge volume of late tells me that we might go thru this resistance quickly with any kind of news.

To be truthful, that`s my bet.

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