Monday, June 23, 2008

$BKX



$BKX 60.87 meeting the projected target area of 60-63 which is 61.8% of the entire price advancement since 1994 low 24.82. This is also prior triple bottom support area.

Because of higher beta within the sector, predicting precise bottom of the volatility is challenging; nevertheless, I think that 57-60 will likely be a bottom.

From 1993 low 21.50, the relative retracement is 57 +/- which is lower end of targets.

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