Review of last night's trades. I'm able to squeeze in some comments before I head out of the house again. The "renovation schedule" today is lighter, so I may have some time later in the afternoon, to reply to some of the unanswered emails.
The markets continued its Bear Break with a PRIME Higher Low (Leg 2 of a Bear Break) last night at 1416.25 - In order for Leg 3 to materialise, 1432.00 has to be taken out, in next week's sessions. Only problem here is that last night's session high of 1427.75, have in fact given us a PRIME PPF on the TREND Chart, and the at the same time, a PRIME PPF has also taken place on the Trading Chart at 1425.50 - We have effectively made a PRIME Lower High, on the Trading Chart, and if we fail to clear this first Resistance of 1425.50, then we are likely going down to challenge 1416.25 - thus possibly reversing the Bear Break.
Saturday, December 09, 2006
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