Friday, April 13, 2007

Challenging Last PRIME Resistance at 1459.00

The ES reversed its TREND last night, just after finding its low at 1442.25. I had briefly mentioned the possibility of a "Reverse in TREND" and it sure did. My LONG trade was taken out by some PRICE gyrations but thereafter, I believe it was a good trading session for all who stayed up.
Last night, just before signing off, I mentioned that PRICE was heading back up to challenge last PRIME Resistance of 1459.00 - It did that and PRICE is still continuing its upmove to challenge that point. It was pure textbook stuff (Trader Logic stuff, I mean...LOL) - It was PRIME to PRIME trading, after I had my LONG trade taken out. Going into the close, PRICE has yet to fail, going up.

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