Zeev, the BTK has a formation on the chart that projects to 240. I'd post it here, but I do not have time right now. I posted it on another thread the other night.
AMGN pierced the $30 level on the most recent drop, which is a moving average that got punched on the monthly chart. The next moving average down is at $26.55 on the monthly chart, and there is a formation that projects to $26.00.
The BTK is not immune to a drop if the indices fall into the end of the month. I believe we'll see COMP 998-1030 by the end of October. The sweet spot would be Oct. 23-24, although there is a turn date on the 16-day cycle as early as the 21st.
Taking the turnips natural propensity for optimism into consideration, the recent 1222 "bottom" would match up well with the local low I'm looking for at 998-1030.
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