meanwhile, in other news … $ABX continues higher (still cool that the low close was 6.18)

Page_16-02-19_17-00-02

going back in time, here was the set-up.

$ABX - NOTE the bullish divergence 2 years in the making

                                    $ABX – NOTE the bullish divergence 2 years in the making

So, again, PATTERNS fail and PATTERNS work and it’s all about managing the risk.  NOTE – it went below the “actual” pattern by 60 cents or so but “ultimately” close right at 6.18 (.618)  It’s a Friday and, frankly, I’m too tired to figure out “why” it stopped where it did … but, trust me, there is a reason.

have a good weekend …

B

PS — note, looks like a we are in a 3rd of a 3rd so a pullback “could be coming … believe 18-20 dollars is a very nice target to shoot for.  Will watch over the coming weeks.

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