Tuesday, July 03, 2007
PRICE is on course to challenge 1554.25 on the SWING Chart
PRICE managed to invalidate Leg 1 of Bull Break (TREND Chart), created during last Friday's trading session. However, yesterday's bullish session pulled PRICE back into the Bull TREND. And with that, PRICE is now on course to challenge last PRIME Resistance of 1554.25, on the SWING Chart. With a Higher Support PRIME Low printed at 1492.00 on the SWING Chart, the expectation for this current up move is for PRICE to give us a Higher Resistance PRIME High. But of course, one must always be prepared that PRICE may just fail to do so.