Wednesday, April 25, 2007

ES Clears the 1500 Level

As mentioned last night, PRICE made the upmove to challenge the 1500 level...and breached it. As PRICE showed itself to be in an interim top (Minor PPF of Resistance - and with TREND Chart already turning down), just after the opening gap, the strategy was to go SHORT on pullbacks (Oscillation Challenges). However, I had to switch to LONGs when the Trading Chart presented a Minor PPF of Support

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