resistance

Just thought it may be usefull for us to discuss the resistance areas.

On the 12 month chart approximately 120 million shares changed hands around the .18 to .185 area. A lot of these buyers would be just awakening to the opportunity to retrieve their money. This is one of the important psychological aspects behind charting.

So expect some hold up on this line (.185) unless some strong good news lifts the volume to a much higher level.

Including today we have seen about 20 million change hands since it approached this area in the last day or so. I would expect another 50 million or so to sell off before it reaches 20 cents.

Of course we have a similar scenario when we hit the .22 cent area.

Just my take, what do others feel ?