the struggle for 30

$30 is a key level for NCM.

Excellent that it has poked its nose above this level over the past couple of days.

Semms like there is a battle on to contain the s/p - maybe short positions vainly trying to be protected.

I would expect some 'see-saw' churning above and below $30 until NCM finally breaks free with an end of week close clearly above $30 on reasonable volume.

I would hate to be short NCM at the moment - aking to the little Dutch boy with his finger in the dyke hoping to keep out the mountainous sea that will eventually break through.

The $30 barrier will ultimately fall ... imo ... by Xmas .. or well before. If not there's always 2009 :-)