I was right when I said we'd never see .06 again or .07 or .08. Yesterday was my first time to say we'll never see .09 again and I feel even stronger about that today. We have rising resistance turned support now that is currently at about .107. In fact, our support level after yesterday became highly predictable ... it rised by about .006 each day:
W: .095
Th: .101
F: .107 (actually held .106 today)
In addition, we are due to bounce off the lower trend line most likely Tuesday as it looks like that is when we will brush up against it. It should be noted that we could see a brush Tuesday and then not see the bounce until Wednesday, but Tuesday is my prediction. Tuesday has also been the most popular day of the week for SRSR to release PRs. Call that superstitious, but releasing the NI on Tuesday together with the fact that Tuesday looks to be when we should bounce could be the perfect storm we've been waiting for. I draw up a chart daily, but considering its the weekend now, I'll probably wait until tomorrow to do so. The chart contains an awful lot that is worthy of in-depth discussion, discussion that, quite frankly, I'm too tired to get into tonight.
People waiting for .08 or .09 to back the truck up ... that truck ain't gettin' filled.
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