Saturday, December 02, 2006

Leg 2 of Bull Break?

Review of last night's trades. I will be heading out of the house early this morning, so will not have enough time to fire up my charts to do the review. But based on the closing PRICE on the ES, it sure looks like there was a big pull back from the early session drop. This could possibly be Leg 2 of the Bull Break. Will only be able to up-date the blog very late in the night, or tomorrow. Until then, have a great weekend!

10:45pm Just got back from a long, long day of sweating it out in a squash court...Had a look at the charts, and found that my assumption this morning was wrong! What happened last night was ALL 3 Legs of the Bull Break! But the closing price(1400.25) is very near the end of Leg 2 of the Bull Break (1401.50). So, we'll have to see if we create a lower high, OR a higher high (to give us Leg 1 of the Bear Break.

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