The monthly chart looks toppy with a slightly higher high where sellers came out in force, to close the index below the prior high and key LIS of 811.61.
The weekly chart shows possible 5 waves down from the high of 841.60. IF we have 5 waves down, THEN look for a retracement of the last move down.
The daily chart shows the index below all key moving averages, including the 200sma.
Saturday, August 04, 2007
$BTK Analysis for 08.04.2007
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