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Re: SyndicateTwo post# 15042

Tuesday, 12/11/2007 10:46:24 AM

Tuesday, December 11, 2007 10:46:24 AM

Post# of 22197
<<<All it's doing is a clear test of the resistance at $15.25 which just happens to also be the level of the downtrend line (look above) and will fall back along that downtrend, then jam up through it. >>>
I agree with your technical take, but I am not convinced it will get back over the downtrend, which as its crossing the key 15.25 level now would be extremely bearish short-term and encourage heavy short-side trading going into expiration next week, considering where the Max Pain level is.
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