Saturday, July 15, 2006

$BKX Chart Analysis


Monthly chart shows possible 5 waves up into high at 113.73. Possible support at 105.60 range to 97.60 ish.

Weekly chart has a triggered sell pattern in place. For now, prior resistance at 105 area is currently acting as support. Once that gets broken (likely), initial downside target will be 101 range.

Daily chart shows support at the 200sma for now. Resistance is at LIS above. Daily chart shows index could go either way here, with the weekly chart showing a little more bearishness.

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