Monday, April 30, 2007

My Fears Came True

Last night, I mentioned that the last PRIME Resistance (TREND Chart) was too closed for comfort, and that the risk of a Leg 1 of a Bull Break was there. Well, the market played out my fears. Leg 1 of Bull Break has been created, on the TREND Chart (But on the Swing Chart, PRICE is merely heading down to challenge last PRIME Support at 1418.25). My last 2 trades - LONGs, were counter-trend trades.

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