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Look back over the past, with its changing empires that rose and fell, and you can foresee the future too.

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Showing posts with label bkx. Show all posts
Showing posts with label bkx. Show all posts

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 apex...in 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

Thursday, April 23, 2009

BKX revisited


BKX today

We are at crucial junction...which formation will win? The banks led this move up..a break below the wedge likely means the first rally is done...










BKX 15th April

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