Thursday, April 17, 2008

PRICE Is Heading Back Up...

My ES SWING Chart above...
With the PRIME Higher Low established, PRICE is now heading back up to challenge last PRIME Resistance at 1389.00. With the Bull TREND still intact on the SWING Chart, the expectation is that PRICE will make a new PRIME High, thus creating a new PRIME Resistance (With some caution in mind though...POSITION Chart is still pointing down but if a new PRIME High is created on the SWING Chart, it'll probably turn back up, to validate the upmove).

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