Wednesday, 10 February 2016

BKX call

every now and then the numbers just work out :-)


 

"Sunday, 26 July 2015

BKX

some observations on BKX,the US banking index


BKX peaked at 121,bottomed at 18...............the 61.8% retracement is 81

121 is 11 squared.....81 is 9 squared.....so there is lots going on if you follow the square of 9
121-81 is 40
40 is 33% of 121 (40.3) if you wish to be exact)
81 is 4.5 x 18
there are 7 cycles of 9 from 18 to 81.......7 is a terminal cycle
so 81 is not a level to be taken lightly....we got to 80.87 last week "

http://chartramblings.blogspot.co.uk/2015/07/some-observations-on-bkxthe-us-banking.html



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2 comments:

  1. MP15 February 2016 at 21:30

    I like the analysis, very detailed and clear.

    ReplyDelete
  2. Chartrambler16 February 2016 at 11:24

    Thanks MP....when the numbers line up like that and it works it still amazes me :-)

    ReplyDelete