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bkx and tbe xau and the markets


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#1 gannman

gannman

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Posted 11 July 2011 - 10:14 AM

the bkx looks to me like it has started a wave 3 down. target about 37 area the xau did a clear 5 waves down from 230 to 187 it retraced 50% to is 200dma and i believe has started a wave 3 down target about 145 if im right there will be nothing choppy about this market it will be headed straight down g
feeling mellow with the yellow metal