Thursday, May 29, 2008

Will We See a Full 3 Legged Bull Break On Both The ES & YM POSITION Charts?

My YM POSITION Chart above...

My ES POSITION Chart above...
It is interesting to note that PRICE is already in PRIME, for both the YM & ES POSITION Charts. Though not an indication that PRICE is ready to rally back up, it does however, give one the "perception" that we may not get the Full 3 Legged Bull Break afterall. A challenge & breach of last PRIME Resistance would throw a spanner in the whole Bearish tone set so far.
Expectation is for PRICE to make a Lower PRIME Low from here but as I've always said:
"Do expect the unexpected, when the market is concerned"

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