Tuesday, June 12, 2007

Leg 1 & Leg 2 of Bear Break

On the TREND Chart, we created a PRIME Higher High (Leg 1 of Bear Break) last night at 1531.25 & as well as hitting PRIME Support thereafter (Possible Leg 2 of Bear Break - of which the confirmation is not there yet). Only thing is that at the close, there is no indication as to PRICE having failed going down. So, for tonight's session, the expectation is for PRICE to continue to go down, until it fails (When a Minor or PRIME PPF of Support occurs, on the TRADING Chart - This may happen anytime as PRICE is already in PRIME Support, on the TREND Chart)

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