My ES SWING Chart above...
As mentioned the other day, the upmove did happen but it failed at 1345.00 on Wed, giving us that expected PRIME Lower High (Leg 2 of Bull Break). Yesterday's intraday session however, finished off the 3rd Leg, effectively putting the SWING Chart, in a Bear TREND.
With PRICE hovering in the PRIME Support area on the POSITION Chart, all is still not lost...as long as 1255.50 continues to hold.
Friday, March 07, 2008
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