Monday will be very interesting for SPC as 3 trendlines will be meeting - The longterm downtrend (red dotted), the 7.50 support (blue dashed), and the uptrend support (lower light blue).
If SPC opens @ 7.50, watch for volume (must be > 856) to indicate a break out.
Resistance @ 7.65 (middle light blue), 7.75 (upper light blue)
Good Luck !!
Sunday, January 13, 2008
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