Consider this.
Probably the fastest bull market we have had was 82-87.
The XAO went up 5.2 X in 5.2 years.
BHP will be up 5 X in 4.4 years even faster but a similar price increase and we are talking about an established company not a spec.
The monthly, weekly, daily charts of BHP all have a last leg that is vertical, and there is only one outcome from that.
In 87 the market fell 50% off the high and 61.8% of the range up.
Those same calcs say BHP will probably see $20 when it corrects.
dow now reaching all new highs, page-44
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add XJO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
7,971.1 |
Change
105.600(1.34%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,865.5 | 7,976.9 | 7,865.5 |
| XJO (ASX) Chart |