My apologies– I expected the bullish response on options expiration day not the day before– regardless the market for the first time in four weeks, found buyers and fewer sellers, allowing prices to rally on the day. Not surprising behavior based upon all the selling that has been occurring over the last few weeks. Not sure what the March contract does over the next two days — but I am sure I won’t be playing in that pool. I have been dipping into the summer months, now that winter has been defined. Will look at each summer chart and look for good levels to buy, considering the blood letting that has been going on since December.
Major Support: $2.00, $1.795-$1.766 Minor Support: Major Resistance$2.34, $2.61, $2.657, $3.536, 3.595
