Sunday, May 10, 2009

BKX again..!

Looks like H&S formation won over on the short term...

HOWEVER also looks like the bearish wedge is still valid....

from Edwards and Magee  "prices almost always fluctuate within the wedges confines for at elast 2/3 fo the distance from the base (beginning of convergence) to the many cases they rise clear to the apex and in some they actiually go a short distance beyond in a LAST GASP rally before collapsing"

link to previous BKX post

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