BHP stopped in it's tracks again at 40. Those multiples of 8 on BHP proving to be very strong resistance. With our highly leveraged Aussie market, I suspect many with margin calls will sell the good with the bad the meet the calls. I've shorted BHP near 40.
McHugh's turn date is the 3rd - a holiday here. These dates are usually +/- 2-3 days. Atm it looks like the turn came Yesterday - only 2 trading days early. Could be the start of wave 3 down. Ugly
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