Wednesday, January 23, 2008

SIMSCI Futures Update: First Signal To Go LONG Has Appeared - Leg 1 of Back Door Bear Break

My SIMSCI TREND Chart above...
Referring to this morning's post, a signal to go LONG has appeared; Leg 1 of Back Door Bear Break.
To reverse the Bear TREND, the other 2 Legs must also be established. This will then tell us that the down move we have had so far is done, and bring PRICE back up to challenge last PRIME Resistance of 439.00, on the SWING Chart.
PRICE will continue in the direction it is going, until it fails...

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