Wednesday, December 5, 2007

TREND Chart: BULL TREND Resumed

My ES TREND Chart above...PRICE effectively took out the PRIME Resistance of 1486.50 (Creating new PRIME Resistance at 1489.00), and then subsequently created a new PRIME Support at 1477.25 in yesterday's trading session. Going into the close, PRICE easily Breached 1489.00 (the last new PRIME Resistance), thus creating a new PRIME Resistance.SWING ChartPRICE now needs to clear the 1496.75 level

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