Friday, June 15, 2007

New Highs Again, on the ES

With data showing tame inflation, the Bulls took the ooportunity to rally last night. And rally they did, alright! The previous PRIME Resistance at 1543.00 was taken out so convincingly that one wouldn't have thought that as recently as just 1 week ago, Leg 1 of Bull Break had been created on the SWING Chart! In any case, last night's actions have invalidated that Bull Break, much to the chagrin

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