Saturday, May 05, 2007
Higher PRIME Low on the TREND Chart
Last night's session low of 1507.00 was in PRIME on the TREND Chart, making it a higher low. Going into the close, PRICE is heading back up to challenge last PRIME Resistance at 1517.00. LONGs would be appropriate but with some caution - because Swing Chart has turned down in PRIME. So unless PRICE takes out 1517.00 with such aplomb, we have to be aware that it may just fail at the attempt to take out 1517.00. Next week's trading holds the key. Have a good weekend!