BCE Inc. (Bell Canada) @36.50Toronto, ONT, October 10 /SHfn/ -- BCE [T.BCE] continues to confirm that a possible intermediate-strength
upside reversal is underway. The short-term wave ratio structure is very bullish. Given the general weakness in
telecom services, I think this is even more impressive.
The stock has been in an intermediate-strength down wave since cresting in late March. The wave appears to
have bottomed in early September when the stock dropped slightly below $31. We have not confirmed a new
medium strength reversal but the medium wave reversal point (WRP) is $38.65 and I expect that BCE may
break above this later this month. I believe that BCE will top out around the $37.30-37.60