Wednesday, May 30, 2007

Just 0.75pts Away From the Recent High

What a come back! Never in my wildest dream would I have expected such a strong reversal in last night's trading. I believe the trigger point was the release of the FOMC Minutes at 2:00am, S'pore Time. Before that, it was really touch and go as on the TREND Chart, Leg 1 of Bear Break had just been created at around 12:34am, S'pore Time and the release of the Minutes threatened to pull back PRICEs

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