Thursday, February 26, 2015

[BLDP] update

Small change to the backlink model is shown below.  I'd like to see the 50 fib hit and held tomorrow.  you can spec buy at $2.20 ish or more conservatively wait for the first breakout confirmation by retaking of the 38.2 fib at the lower red circle or much more conservatively waiting for the first big pullpack after the pink resistance line is broken out of.  Note:  That pink line is likely to be smashed with a gap if this is the bullish chart that I think it is.

Note: if this rallies above red b then that is also a buy signal with tight stops.  Remember, for this model to be correct, the move up from the coming bottom should be powerful and quick as it will be not just a 3rd wave but a 3rd of 3rd.  We really should see a big gap in the chart for that event.


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