Saturday, June 07, 2008

Carnage

My ES SWING Chart above...
What started off as a promising move the night before for the Bulls, quickly diminished as yesterday's trading session went on. Disappointing unemployment data, coupled with Crude making another new high, proved to be too potent, and resulted in a 50-point downside move, for the ES. That effectively killed off the Bulls' attempt of reversing the Bear TREND.

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