Saturday, July 07, 2007

SWING Chart: PRICE is still on course to challenge last PRIME Resistance at 1554.25

There is still no signs of failure, as PRICE continues it's course to challenge last PRIME Resistance at 1554.25, on the SWING Chart. I had taken 2 SHORT Trades last night, when PRICE, on the TRADING Chart presented itself with Minor PPFs. Was of course stopped out of the trade. Clearly, I should have paid more attention to the warning signs because at the point in time, the TREND Chart was still pointing up, giving an indication take PRICE was not gonna let up in its upward action. Not withstanding a failure in PRICE any time soon, we should see the outcome of this challenge, of the 1554.25 level by early next week.

One last note before I go...For those interest in Singapore Stocks, I've posted some charts on IPC Corp, ALANTAC etc...over at my TradingChartPatterns Blog. Do swing by there to have a look.

Have a good & safe weekend!

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