Monday, November 2, 2015
[BKX] at critical resistance
Per the backlink in which I wrote, "On Monday I expect a 3 wave dead cat bounce which could go back up to the prior 4th or it could go up so high as to kiss the upper rail from below to finish wave 2 but then it should smash down through the lower rail in wave 3" , BKX rallied today, apparently in 3 waves, to kiss the top rail from below. It will not surprise me at all to see it gap below that lower rail tomorrow AM. If this can instead break out to a higher high then many things must be reevaluated.
Subscribe to:
Post Comments (Atom)
4 comments:
Watching and dipping slowly into UVXY today.
I agree with your strategy, will do a post on this.
out of UVXY for now at 28.8 ... back in JNUG
UVXY just did 61.8% fib correction. You might not be able to own both JNUG and UVXY but both will likely be going up together at the same time very soon. Perhaps even as of tomorrow.
Post a Comment