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Re: konastitch post# 47843

Thursday, 05/21/2009 10:03:41 PM

Thursday, May 21, 2009 10:03:41 PM

Post# of 165855
Right, well .04 was the past resistance that we destroyed on that large volume day so that becomes support. Even though .04 was penetrated the PPS never closed below it. The .037 area is the level where there was a gap and does provide some support however I only look at MAJOR ones and .04 is the key level for me. I think we bounce off of it, however if we don't then we have to look at the lower .03s for our next MAJOR support.

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