Monday, February 25, 2008

Nikkei 225 Futures Establishes Leg 1 of Back Door Bear Break, on the SWING Chart

My Nikkei 225 Futures SWING Chart above...
PRICE managed a PRIME Higher High today (after the PRIME Higher Low achieved early this month), on the Nikkei 225 Futures. The Bear TREND started off just over 3 months ago when a PRIME PPF of Resistance gave us an indication of lower PRICE movements to come.
With the POSITION Chart still pointing up, do look for the other 2 Legs, to complete the change in TREND (On a SWING Basis).

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