Saturday, May 26, 2007

Leg 3 of Bull Break Ends at 1507.75

With the long holiday weekend ahead, the trading session was rather muted but with some bullish undertones. In other words, trading in general, was slow! The high of last night's session is a Lower PRIME High - very much in line with the current Bear TREND. However, there is no indication as to whether we are done with the up move. A PRIME PPF of Resistance occurred just before the close and unless PRICE takes out last PRIME Support at 1512.00, we could just be consolidating before the next move.
Here's wishing our US readers a safe Memorial Day Weekend

No comments: