synoptics. friday on my mind

Dear threaders

The big fella tripped on his shoe laces today -down 4.37%. So I Topped up. Contrary buying really but despite rises in most of the banks they are still got jelly legs due to sub prime echo so I stayed away from them.

Here is a synoptic chart for the Big Australian based on today's data.

CDL = a SELL SIGNAL

MACD = -0.15 so REDUCE

Relative Strength Index = 20. Contrarian buyers STRONG BUY, Trendoid types SELL

Bollingers Lowish fairway. Contrarian buyers BUY Trendoids HOLD.

Parabolic SAR = 56 Sell Signal to 22 Buy. Therefore REDUCE
Interesting that a lonely buy signal sits on its Pat Malone right at the end of the day.

The market pre-open two step is jivving. Bidders at $47.21 and Offer at $38.00... go figure

Something for everyone. As for me I topped up and helped the big fella tie his shoe laces at $43.13.

regards

Capt. Goodvibes
Love Project Officer

Disclosure:- I hold BHP. Don't take what I have to say seriously as I value about 100 things more than money.