Friday, June 01, 2007

PRICE Consolidation After the Previous Day's Big Move.

It was a tough session to trade last night as the pull backs in PRICE were almost 90-95% of it's down move. You would have to be very nimble and as well as totally aware of what PRICE was doing last night. If not, confusion would entail. We are basically consolidating (TREND Chart) and there is a sort of widening wedge (if I got it right) forming on my TREND Chart. Will have to refer to my resources to confirm this Chart Pattern. With much bullishness intact, I wouldn't be surprised if PRICE breaks out to the upside.

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