yahoogle
Jan 08, 2010, 07:37 AM
On Dec 3, which was also one of our turn dates, we pointed out a key level to our members at 45.40 bkx, and the market immediately reversed off this level, in a sharp turn.
However, later on in December, we also pointed out the BKX decline no longer looked like a wave 3 down, and rather appeared to be a (B) wave, with a strong rally possible next.
The following chart was shown to members on the weekend of Dec 19-20; (the second chart also includes the ensuing action since then).
However, later on in December, we also pointed out the BKX decline no longer looked like a wave 3 down, and rather appeared to be a (B) wave, with a strong rally possible next.
The following chart was shown to members on the weekend of Dec 19-20; (the second chart also includes the ensuing action since then).