Wednesday, December 13, 2006

BKE Analysis for 12.13.2006

Exuberant buying into the current top at $52.87. No sell signal as of yet.

Current high is a 1.414 fib level. Possible 5 waves up into current high.

Buckle announced a special dividend on Tuesday afternoon. Exuberant buying caused a gap up at the open into the $52.87 high. Early profit taking created some pullback in price and a shooting star candle pattern. Watch to see whether we get a pullback or not.

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