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Thursday, October 06, 2011 4:36:02 PM
Although the morning started off rough with the big gap down, it gapped down right to the crucial support level of $.025, and like you would want to see from a technical perspective, not only did the level hold, but went into 'trampoline mode' and bounced the price all the way up to produce a closer higher than yesterday's close. Definitely an impressive day of strength. Now the question becomes, was this just a one day bounce, or is there some substance behind it? The next 'test' will be to see how the price reacts around the $.036 level.
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