Since the start of the downtrend, BCC's been moving within a massive downward wedge
. Initial support of major dips hold before BCC
breaks through, and the support becomes the overhead resistance. Each period is getting shorter, and it looks like we're coming up on a turning point soon. Even though my downward wedge
points toward $250 by early March, I'm not projecting that (at all), especially since BCC
broke through the last support-turned-resistance. It will be interesting to watch price movement on BCC
between now and Feb. 12 or so.