Wednesday, August 01, 2007
TREND Chart: Leg 2 of Bear Break Failed To Be Confirmed
My TREND Chart above...
Last night, at the point where I pointed out that Leg 2 was confirmed, I had "assumed" that PRICE was on the way up to hit PRIME Resistance. However, it failed & thus, we are still in Leg 2 of Bear Break. If we do fail at PRIME Support here, it will be a closed one - the current low is just 0.50pts away from invalidating Leg 1 of Bear Break (low of 1455.25, which was the start of Leg 1 of Bear Break)