The BLX weekly chart with fibs drawn from the start of the bull trend breakout to the very top is painting the clearest picture right now, IMHO. We have an impending "Golden Cross", a clear falling channel, and a clean long-term lower trend line as clear support. You can see that we bounced very nicely off the .786 fib line and are now consolidating above the 0.618 fib line. All very healthy and normal. We are most likely range-bound until we hit the falling channel's top trend line again, sometime in mid-December, at which point I would think (hope) that we will then enter the next leg of the uptrend.
