After the attempts we finally got a break down under $2.00 yesterday, but unlike short covering rallies there was little length liquidation on the break down. So now what — I always remember another trader who years ago mentioned to that finally breaking support (or resistance) is like the dog who loves to chase cars– barking, growling only to catch up with the car when it slowed down and the dog has no clue what to do. Lets see if the dogs (bears) can deal with their success.
Major Support:, $2.00, $1.991-$1.96, $1.795-$1.766 Minor Support : Major Resistance $3.00, $3.16, $3.48, $3.536, 3.59, $3.65
