Springtrader

 

If you had followed the level 2 and level 3 over the last few day you would have seen a sizable build up of buying demand at the .24 and .235 level. As no one would sell into these prices the volume dried up and this is one of the reasons I suggested that the technical low of .20 .21 was not likely to be attained.

 

If a repeat of the historical December rallies does happen it will probably be seen as significant to recent share holders. After all a bounce from .24 to .30 represents a 30% gain. Unfortunately to those who bought in, during the nose bleed high levels, in around 1.00 this will feel like nothing more then a f@rt in a thunderstorm.