Looks set for a bounce,which I believe will fail,but important to watch.Three tops in the 50 area would set up a decent selling oppurtunity.If we break through it will probably try for 60,half the high Gann resistance for a secular downtrend.The Gann square chart I have been posting suggests it is too late and time has run out
Saturday, 27 October 2012
Bkx
Looks set for a bounce,which I believe will fail,but important to watch.Three tops in the 50 area would set up a decent selling oppurtunity.If we break through it will probably try for 60,half the high Gann resistance for a secular downtrend.The Gann square chart I have been posting suggests it is too late and time has run out
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