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Re: FrankF post# 4407

Friday, 12/07/2012 2:09:10 PM

Friday, December 07, 2012 2:09:10 PM

Post# of 72087
The peaks you referenced are intra day highs not the closing prices which were much lower, so bar chart or candlestick charts aren't precisely clear on if .031 is significant resistance.
On the chart below see that the red line in the .025 area has significant resistance that has been overcome. It would be an interesting coincidence or design if the resistance you propose could be a turning point for the price to snap back to test the breakout at .025.