Thursday, May 17, 2007
PRICE Has Broken out of Consolidation on the TREND Chart
PRICE finally broke out of Consolidation last night (Remember I spoke about the "deep" pullback in PRICE in yesterday's post? PRICE consolidated thereafter). There were 3 consecutive PRIME PPFs in a row, on the TREND Chart. Going into the close, PRICE has yet to fail going up, and with the SWING Chart firmly pointing up, it does look like a new Resistance level is going to be created soon. We shall know tonight.