Wednesday, May 23, 2007

Now it's Leg 1 of Bull Break, on the TREND Chart

It's just amazing how the market always hoodwinks the Bulls, and the Bears at the same time. The way in which Leg 1 of Back Door Bull Break was quickly decimated, largely by the Globex Session's big upmove, quickly set the tone for a Bullish open. The upmove drew in the Bulls & frustrated the Bears with STOPs being hit. With both parties clearly frustrated(Bears), and involved (Bulls), the market

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