Jump to content



Photo

$BKX exhaustion gap?


  • Please log in to reply
12 replies to this topic

#11 spielchekr

spielchekr

    Member

  • Traders-Talk User
  • 3,104 posts

Posted 27 December 2006 - 08:44 PM

Some coincidental fib here. Using as fib points the 1995 low (60.36, 0%), the 90's bull market high (97.73, 78.6% to today's gap), the subsequent bear market low (60.36, retrace to 38.2%), and today's gap/ yesterday's high (100%). Today busted that layout, along with a diagonal resistance line. Next up is the 1.618% retrace (120.82) from the bear market low. After that, the only two long-term diagonal resistance lines I could find. After that, $200 mil bonuses for everyone.



Posted Image

#12 spielchekr

spielchekr

    Member

  • Traders-Talk User
  • 3,104 posts

Posted 03 January 2007 - 02:58 PM

Confirmation complete. H&S now?
http://stockcharts.com/c-sc/sc?s=$BKX&p=60&b=5&g=0&i=p33471252674&a=93913317&m=o&r=6818.png

#13 spielchekr

spielchekr

    Member

  • Traders-Talk User
  • 3,104 posts

Posted 05 January 2007 - 01:14 PM

Yep, H&S it was.

Posted Image