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.

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