Wednesday, April 11, 2007

Creating a Higher Low on the TREND Chart

Finally, we had a good trading session last night, with a good TREND and enough volatility to boot. I had just mentioned on Tuesday, the need for PRICE (TREND Chart Basis) to head back down in PRIME, to challenge last PRIME Support at 1418.25 to create a Higher Low (it does not mean that PRICE must head all the way back down there. As long as PRICE is in PRIME, and it starts to fail heading down,

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