Hi folks,
BDG ..... fwiw, it should finish 2006 on a very strong note !~!
..... and BDG is a typical example of the dilemma that faces
all traders, when a stock falls off its perch ..... that is, at
which point do we re-enter this market???
If we consider the price axis alone, then our TA will be
focused on a PRICE level that may have been historical
support ..... ..... at the lower edge of a trading channel,
for example.
Tools for analyzing the price axis seem to be endless, but
even if the price level from our TA proves to be correct, how
long will BDG bounce along on its lows, before lifting into
the next upswing ..... ???
Maybe, if we do some analysis of the TIME axis and marry
it to our analysis of the PRICE axis, we may be able to
come up with a better entry, BEFORE the next rally comes
along.
As time moves on, confirm your regular BDG analysis with
the following time cycles:
25102006 ..... minor and positive (intraday move only)
30-31102006 ..... 2 minor cycles here .....
03-06112006 ..... minor
21112006 ..... minor (intraday)
23112006 ..... significant and positive - finances???
30112006 ..... positive spotlight on BDG .....
13122006 ..... significant and positive news here???
15-19122006 ..... 1 major, positive cycle and 2 minor cycles
27-29122006 ..... 2 cycles and a strong rally here ... ???
In January 2007, BDG still should stiil be well supported,
but February 2007 will likely bring the next slide in price.
happy days
yogi
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