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Sunday, March 23, 2014 1:47:32 PM
The way I see it, .0016 and .0014 were the two big support/resistance points at the end of the on Friday. We likely won't see a gap up above .0016. I'm guessing we either gap down to .0015 or stay right at .0016 unless for some reason they issue some surprising news. After that my guess is that it trades sideways more, attacking the .0016s. If they happen to fall during the 20 minute time frame of interest here then we could easily see a high of .0018 in that time as the .0018 area is the next local resistance point, but I feel 20 minutes is not enough time for that to happen, and it is most likely we will be at .0015 or .0016 depending on whatever trade happens at 9:50. Although, the weekend has given time for Thursdays news to reach the corners of the OTC, so in this scenario we would see buying pressure right at open, increasing the probability that .0016 will fall and taking us up to my .0018 local resistance guess.
Kind of hard to guess these things. In summary, open at .0015-.0016, after 20 minutes of trading at 9:50, we shall be between .0015-.0018 IMO.
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