Note the magnitude of previous drops.. this drop magnitude is about the same order, which says a bounce is coming soon.
There's always a reaction rally
Started by
dcengr
, Jul 28 2007 01:07 PM
1 reply to this topic
#1
dcengr
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- Traders-Talk User
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Member
Posted 28 July 2007 - 01:07 PM
Ofcourse, it would be a B wave.. and it would go up in a-b-c fashion, so a retest of the lows isn't out of the picture.
Note the magnitude of previous drops.. this drop magnitude is about the same order, which says a bounce is coming soon.
Note the magnitude of previous drops.. this drop magnitude is about the same order, which says a bounce is coming soon.
Qui custodiet ipsos custodes?
#2
eminimee
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- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 28 July 2007 - 02:43 PM
Yip....could be a bounce here....... 
http://stockcharts.com/c-sc/sc?s=$BKX&p=D&st=1994-07-28&i=p59103570110&a=113122393&r=1967.png
http://stockcharts.com/c-sc/sc?s=$BKX&p=D&st=1994-07-28&i=p59103570110&a=113122393&r=1967.png
