No picture (chart) today as I am having internet problems uploading large documents—let me give you an image of yesterday’s expiration. Draw a straight line upward to $6.30 and then a retracement down to $5.70, then settling above $5.84. For all of you who don’t understand technical data interpretations—that is called volatility. Some of you may want to have technical indications of what will happen—good luck with that as the movements of the last 3 days (trading) have left the market extended into over bought —DUH—status. Fortunately, most of you knew that yesterday and understand that markets may stay over bought for a period of time- some folks — well what can I say. One thing I can say is in the Weekly I thought prices would trade around $5.17, don’t think that is gonna happen, but I would expect some sort of decline – remember what was resistance is now support ($5.65).
Major Support: $5.17, $4.88, $4.61, $4.537,$4.375, $4.211, $4.156, $3.92, $3.821, $3.722,
Minor Support: $4.728-$4.70, $4.66
Major Resistance: $5.93, $5.88-$6.493
