Double check what oldskewel is showing you. There is an adjuster at the bottom rear of the lower control arm (a-frame) and one at the upper front control arm which you can't see with the tire on (which is why I think the picture he posted is taken upside down of the upper one,) One of those has slipped (or turned) on you.

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1988 325is (purchased new) sold
2004 X5 3.0 2005 X3 2.5
2008 X5 3.0 (new to me)