Thursday, March 15, 2007

Big Reversal

Wow! What a night! Big down day with a Reversal in PRICE half way through the session. The SWING Chart's last PRIME Support Low of 1368.75 (Leg 1 of Bull Break) is still intact! Leg 3 did not take place at all. If this current upmove continues strongly & takes out 1426.25 (Last PRIME Resistance High - Leg 2 of Bull Break), we would then invalidate the 2 Legs of Bull Break created so far on the Swing Chart, and bring us back into the Bull TREND again.

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