Analyze some of the historical precedence of the current market in the Weekly section, but the declines may start running into support in the market. In spite of many folks analysis — this market shows little signs of continued weakness with out providing a rally of sorts (perhaps to $3.75) before an additional leg lower. Sunday night trade has provided a strong chance for reaching that level as the opening was up to $3.48.
Major Support: $3.269, $3.18-$3.09, $3.00 Minor Support: Major Resistance$3.536 –$3.63, $3.789, $4.22-$4.39, $4.75-$4.825, $4.948, $5.056
