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FrankF

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FrankF

Re: None

Friday, 12/07/2012 1:46:52 PM

Friday, December 07, 2012 1:46:52 PM

Post# of 72087
Just realized perhaps the biggest resistance is here at .031

Why?

Draw a downtrending line from the first peak (Nov. 14) through and past the second recent peak (Nov. 27), and that same line will also go right through .031 (or close to it) on this day, Dec. 7.

Therefore, if we bust through and hold over .031, the downtrend is over, the run is on, and the other levels easily fall.

Thoughts?

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