Several of the reasons that form my conclusion that this current decline may be coming to an end, are found in the Weekly section of the web site, but the market wanted to make sure I may have jumped ahead of myself by extending the declines slightly on the light volume President’s Day. To frank I did mention that the is likely coming just not sure when. Well it didn’t yesterday. Due to the condition of the oversold market the value of some call spreads later in the summer are reasonable.
Major Support:, $1.595, $1.52-$1.519, $1.432, $1.312 Minor Support : Major Resistance: $1.863, $1.94-$1.967, $2.00, $3.00, $3.16, $3.48, $3.536, 3.59,
