Well, I would agree. But given the steady moves it has made this week and last, some people may be looking for an exit point. And the 200 MA is reasonable point for some people to jump off. I don't agree with them. But I can understand.
Kind of hard to have any strong resistance if the float is locked !?!? What continues to impress me is that this keeps on going on cruise control and we have not seen any real volume yet but I would imagine that will come on Monday! So glad it's not Labor Day Weekend! :-)