Tuesday, May 15, 2007

Risks of a Back Door Bull Break Still Remains on the SWING Chart

Again, I may sound like a broken record but the risks still remain for a possible Back Door Bull Break on the SWING Chart. It didn't help that last night's New PRIME Resistance created (at 1519.50) was followed by a very deep pullback in PRICE, resulting in the ES closing almost unchanged (Last PRIME Support on the SWING chart is only at 1496.00).Looking back at the 3 trades that I took last

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