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#1 K Wave

K Wave

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Posted 31 July 2014 - 09:57 AM

after what now appears to be the Final last gasper rally, BTK right at that key 2750 level once again. IF bulls do not stick save it here, then a rapid descent may be about to follow....1600-1700 area easily doable in typical overextended crash setup scenario. A close below Tuesday's low today would likely seal it....Daily has very ugly pattern forming.... Another push above 2800, and bearish beats would be off the table for a while...but as long as it stays below 2750 going forward, a crash type move could start at any time now...

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy