XJO 0.75% 8,193.4 s&p/asx 200

friday fiasco, page-73

  1. 9,861 Posts.
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    With all due respect i would like to clarify that since 1980 BHP has made 63 primary turns ( tops) and out of that 9 have fallen in the month of May.

    If people wish to gauge there thoughts on BHP turning it also could quite possibly be finishing wave 3 now, which might co incide with a retrace in the market, but that is only setting up for Wave 5.
    Calling the current high on BHP as a double top is strectching it now, as the difference is more than 2%. Although both tops are 210 days !!!!!!

    The nex significant date for me BHP is 31 july, so does that fit with your thinkings about the retrace that you all expect in coming weeks ?? mabye down a bit and then up to july ????

    Disclosure; Am long BHP with stops as mentioned on that thread and also day trade the big fella heavily




 
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