Thursday, June 07, 2007

Possible Back Door Bull Break on the TREND Chart

Although PRICE stayed about the last PRIME Support of 1512.50 last night, it has instead created a new PRIME Support at 1515.25. Going into the close, we made a Lower PRIME High at 1521.75. At the close, PRICE hit PRIME Support with a PRIME Match at 1515.25. Currently, PRICE is trading 1519.25 on GLOBEX.
PRICE needs to clear 1521.75 to prevent this potential Back Door Bull Break. (Take note that Rollover is today - so PRIMEs will be adjusted)

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