Thursday, September 20, 2007

SWING Chart: 3 Leg Bear Break - BULL TREND

My SWING Chart above...

With a potential PRIME PPF of Resistance on the TREND Chart, it looks like PRICE is set to head down to challenge last PRIME Support at 1440.75, on the SWING Chart.
To maintain the Bull TREND on the SWING Chart, PRICE must create a Higher PRIME Support, or Higher Low. Do note that a challenge of "last PRIME Support" does not necessarily mean that PRICE must head all the way down there...It can "fail" at any level, in PRIME, in order for it (PRICE) to head back up again.

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