Friday, October 05, 2007

TREND Chart: Still in Leg 1 of Back Door Bull Break

Yesterday's PRICE action didn't help much in determining if Leg 1 of Back Door Bull Break on the TREND Chart was done. However, towards the end of the session, PRICE was clearly consolidating.
Do look for a possible breach of Wed's session low 1546.75, to show that Leg 1 is still in progress...

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