Saturday, December 29, 2007

Leg 1 of Back Door Bull Break, on the TREND Chart

My ES TREND Chart above...
PRICE did pierce through the previous session's low of 1485.25 and has thus effectively created Leg 1 of Back Door Bull Break, on the TREND Chart.
On the POSITION Chart, we are also poised to see a Leg 1 of Back Door Bull Break happening...We cannot confirm the market top (Position Chart-Wise) as yet but it is the very first warning sign of things to come.

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