AI
Monday, May 04, 2009 9:46:50 PM
Re: SCON
Nice. Watch for the resistance, though. Bears are still in effect.
Technically speaking, the channels (if you ever go by them) are still projecting some significant resistance ahead.
Notice how today's close stopped dead at the midline of the speculative up-channel.
Overall, there are still some significant bearish forces tethering the bulls down at this level. Breaking the 3.25 resistance would be nice at this point forward.
D.
Nice. Watch for the resistance, though. Bears are still in effect.
Technically speaking, the channels (if you ever go by them) are still projecting some significant resistance ahead.
Notice how today's close stopped dead at the midline of the speculative up-channel.
Overall, there are still some significant bearish forces tethering the bulls down at this level. Breaking the 3.25 resistance would be nice at this point forward.
D.
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