Thursday, February 14, 2008

SIMSCI SWING Chart: A Possible Reversal In TREND Soon?

My SIMSCI SWING Chart above...
Since the Higher High (HH) achieved on the 10th of Oct last year, you can see from the above chart that PRICE reversed into a BEAR TREND, giving us PRIME Lower Lows (LL), and PRIME Lower Highs (LH). But look at what PRICE is giving us right now?
With my TREND Chart having a Leg 1 of Back Door Bear Break (just established in Pre-Market as I type this post), I am quite confident that PRICE is poised for a change in TREND, on the SWING Chart basis.

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