BSC_Jun 22, 2012

1. While the possibility of a Triple Zigzag remains, BSC appears to have concluded a Double Zigzag due to the R-5a reading (red)
2. On 6/21/2012 (green dotted vertical line), BSC breached the trendline and the 50 RSI, encouraging signs of a retracement of the Double Zigzag
3. This Double Zigzag has a power rating of (-2), thus an 80% retracement is expected (blue dotted arrow)

Note: structure labels in blue; corrective progress labels in red
Note2: I was informed that this issue is being jockeyed by a local "operator." My chart is purely technical and academic: news, rumors, insider info are all discounted by the price action. So trade at your own comfort level.