Saturday, September 22, 2007

SWING Chart: PRICE is still not done going down

A Minor PPF of Resistance (Wednesday's session high of 1552.00) on the SWING Chart, has occurred in last night's trading (Last night's high was only 1544.00). And with PRICE yet to hit PRIME Support, do look for PRICE to challenge Thursday's session low of 1528.75 in next week's trading.
Only when PRICE is able to confirm Support (Minor or PRIME Confirmation), then will we see PRICE heading back up to challenge last PRIME Resistance at 1552.00 - To either fail, or breach this level.

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