Friday, October 19, 2007

A Failed Attempt to find a Bottom

My TREND Chart above...

Again, PRICE failed in its attempt to find a bottom last night. Other than a slight glimmer of hope in the early part of the trading session, PRICE succumbed to the continued downward pressure, and saw a intraday low of 1534.00. Looking at my TREND Chart above, the Bear TREND continues to exert itself on the ES - Lower Highs & Lower Lows. Until and when we see a change in that TREND, the Bears will continue to rule...

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