Monday, March 05, 2007

Current ES PRICE on Globex Has Created A LOWER PRIME LOW

PRICE has just made a LOWER PRIME LOW on the TREND Chart at 1380.00 (against last PRIME Low of 1380.75). The moment we are able to get a Minor or PRIME Confirmation of this current PRICE LOW, we will see PRICE heading back up to challenge last PRIME RESISTANCE at 1411.50. And in order for the current BEAR TREND to continue, PRICE must fail at 1411.50, & then head back down to challenge last PRIME Support (PRICE bottom not known yet) to give us a LOWER PRIME LOW. BEAR TREND equates to
1) Lower Low, followed by
2) Lower High, followed by
3) Lower Low, again...

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