Saturday, August 04, 2007

Still Too Early For The Bulls To Get Back Into The Water

My SWING Chart above...

My TREND Chart above...

As per last post last night, I mentioned the possibility of Leg 1 of Bull Break being not complete, as PRICE did not reach PRIME Resistance. That proved to be correct as subsequently after that (after a brief oscillation consolidation), a Minor PPF of Resistance gave way to a significant down move. Going into next week's trading, PRICE looks set to continue lower as it is still making Lower Highs & Lower Lows. "PRICE will continue in the direction it is going, until it fails".

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