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the bks a projection


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#1 gannman

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Posted 11 February 2016 - 02:57 AM

i have a projection on the BKX down to 53. since this wave 1 down started at 74 that would be a fib 21 which would make sense. we will see


feeling mellow with the yellow metal


#2 Charvo

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Posted 11 February 2016 - 05:17 AM

I posted a chart before of the similarities to 2008 for the S&P 500 equal weighted index.  We are potentially entering the waterfall stage.  BKX going down bigtime might mean defaults like crazy will be happening.



#3 pisces

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Posted 11 February 2016 - 06:38 AM

I posted a chart before of the similarities to 2008 for the S&P 500 equal weighted index.  We are potentially entering the waterfall stage.  BKX going down bigtime might mean defaults like crazy will be happening.

 

Hi , I have a mm target of 52 on the BKX, and a mm target of 18-19 on XLF.  panda.gif