I just checked the charts and PRICE (hit a low of 1452.50 just now) has punched through last PRIME Support at 1455.25, effectively invalidating the Leg 1 of Bear Break created.
We are back in the Bear TREND...
Incidentally, this lower low in PRICE has also resulted in a full 3 Leg Bull Break, on the SWING Chart.
Wednesday, August 01, 2007
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