Friday, August 03, 2007
Keep A Lookout for PRIME Resistance 1495.75
My SWING Chart above....
From the TREND Chart above, you can see that PRICE has reversed the Bear TREND, with the continuation of the 3 Legs Bear Break that started on Wednesday's session. We are currently in a Bull TREND.
More importantly, the level that will make or break this current TREND is the last PRIME Resistance of 1495.75 shown on the SWING Chart. Breaching it would give us Leg 1 of Bear Break, on the SWING Chart.