Review of last night's trades. We made a PRIME bottom at 1398.00 last night. The Oscillation challenge on the TREND chart will bring us to challenge 1406.75, whilst the PRIME Resistance challenge would be 1408.00. This PRIME Resistance is important as it will determine if the Bull Trend continues. As of the close, there are still no signs of a PRICE failure as yet.
1) Key PRIME support on the Trading chart to look out for is 1402.25. A Breach of this level, and followed by a Minor PPF would put this uptrend in danger.
2) Key PRIME support on the TREND chart is 1398.00
Saturday, November 18, 2006
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