SWING Chart: Bull TREND, but PRIME Higher Low not established yet.

My SWING Chart above...

SWING Chart: PRICE is still not done going down

A Minor PPF of Resistance (Wednesday's session high of 1552.00) on the SWING Chart, has occurred in last night's trading (Last night's high was only 1544.00). And with PRICE yet to hit PRIME Support, do look for PRICE to challenge Thursday's session low of 1528.75 in next week's trading.Only when PRICE is able to confirm Support (Minor or PRIME Confirmation), then will we see PRICE heading back

SWING Chart: Gunning for a PRIME Higher Low

My SWING Chart above...As mentioned in yesterday's post, PRICE is now heading down to find PRIME Support. In order to continue the Bull TREND, PRICE has to establish a PRIME Higher Low. No signs of failure, in the downmove as yet, on the TRADING & TREND Chart...

SWING Chart: 3 Leg Bear Break - BULL TREND

My SWING Chart above...With a potential PRIME PPF of Resistance on the TREND Chart, it looks like PRICE is set to head down to challenge last PRIME Support at 1440.75, on the SWING Chart.To maintain the Bull TREND on the SWING Chart, PRICE must create a Higher PRIME Support, or Higher Low. Do note that a challenge of "last PRIME Support" does not necessarily mean that PRICE must head all the way

" Trade with the TREND. Don't fight it..."

11:27pm It's really interesting how some amateur market commentators / guru wannabes that I came across recently, are saying things like " the market shouldn't be at these levels...we are shorting it", or "something big, like a Tsunami, is going to wipe out the rising PRICEs". Well, my Mentor did say this to me: " Trade with the TREND. Don't fight it "

FED Cuts Rate - Reinforces Leg 3 of Bear Break on SWING Chart

My SWING Chart above...

Markets on Hold?

09:56pm Sure looks like the markets will be on hold, until Big Ben talks, or decides which direction Interest Rates are heading...

A Slow, Slow Day...

Although the trading range last night was about 13 points, from the Low to the High of the session, it was all in all a pretty slow day, at the office. On the TREND Chart, PRICE is consolidating between Minor Oscillations. It can break either way...But with the SWING Chart pointing down, a downside movement seems more likely. If it does head down, it merely shows that Leg 2 of Bear Back, on the

TREND Chart: Still No Signs of Leg 1 of Back Door Bear Break Ending Yet

My TREND Chart above...Until we get a PRIME PPF of Resistance on the TRADING chart, coupled with the TREND Chart pointing down, PRICE will continue to head in the direction it is going...

TREND Chart: Leg 1 of Bear Break is still not done

My TREND Chart above...PRICE is heading in the direction it is going, until it fails. And at the moment, there is still no signs of failure as yet.

US Markets Rally on the Anniversary of Sept 11

My TREND Chart above... My SWING Chart above...From the TREND Chart above, you can see that Leg 1 of Back Door Bear Break occurred on the ES last night, during the normal trading session. At the same time, Leg 2 of Bear Break was also established, on the SWING Chart.

TREND Chart: Leg 1 of Back Door Bear Break at 09:47pm, Singapore Time

09:58pm Last PRIME Resistance at 1464.25 was taken out, thus effectively creating Leg 1 of Back Door Bear Break, on the TREND Chart.

TREND Chart: Bear TREND Continues But...

My TREND Chart above...From my TREND Chart above, you can see that the Bear TREND is still asserting itself. However, if PRICE is able to breach last PRIME Resistance at 1464.25, then it would also signal the end of Leg 2 of Bear Break, on the SWING Chart.My SWING Chart below...

TREND Chart: Leg 1 of Bear Break?

10:43pm Looks like Leg 1 of Bear Break is not to be. We have just made a PRIME Lower Low, on the TREND Chart. The Bear TREND continues...

TREND Chart: Will The Bear TREND Continue Tonight? Or Will The SWING Chart Assert Itself?

My TREND Chart above...as of 5:47pm, Singapore Time. My SWING Chart above...as of 5:51pm, Singapore Time.

TREND Chart: Bear TREND but on the SWING Chart, PRICE is still trying to establish Leg 2 of Bear Break

My SWING Chart above...

TREND Chart: Leg 2 of Bull Break - With the SWING Chart still heading up, will this Bull Break result in the 3 Full Legs?

It is crucial that PRICE does not breach last PRIME Support at 1468.25, on the TREND Chart. If it does, then all 3 Legs of the Bull Break, on the TREND Chart would be complete.10:22pm Leg 3 of Bull Break occurred at about 8:31pm, Singapore Time. Effectively, we are in a Bear TREND, on the TREND Chart.

TREND Chart: Leg 1 of Bull Break

My TRADING Chart above...as of 8:33pm, Singapore Time08:29pm With the Leg 1 of Bull Break on my TREND Chart, SHORTs would be very much the expected trades tonight. A PRIME PPF of Last PRIME Resistance at 1481.25, on the TRADING Chart would reinforce this view.08:38pm SHORT 1476.25 / STOP 1477.7508:41pm Moving STOP to 1477.2508:43pm PRICE is heading down to challenge 1469.75 - It has to breach

SWING Chart: Leg 1 of Back Door Bear Break - PRICE Challenge at next PRIME Support MUST stay above 1434.75

My SWING Chart above...

SWING Chart: Leg 1 of Back Door Bear Break

My SWING Chart above...