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Strategies & Market Trends : Classic TA Workplace
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To: JRI who wrote (50959)8/22/2002 10:11:00 AM
From: AllansAlias  Read Replies (2) of 209892
 
BTK is quite interesting. It has stalled under obvious resistance for the last 10 days or so. Still, it has made slightly higher highs during that period and seems to be collecting energy for another drive, one that would see it go to 408 or 420.

408 is only the .382 retracement off the Dec high -- a modest target. It's also the area of the previous wave 4 (i.e., on the way down) and is a very common target on the way back up.
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