wednesday price action, page-42

volt

The word LOW was followed by the LOW price on the day.
BNB
5/7/2007 MACD SELL LOW $31.30
26/7/2007 MACD DOWN LOW $30.90
and so it began a slide down to $17.60 on 16th August.

Almost any stock analysis program can analyse the MACD WAVE.

When it "bends" down, as was the case in BHP on 29/9, an MACD SELL signal was triggered.

A check on the Momentum signal on the day revealed NOTHING and it's usual to see a MACD Down Momentum signal BEFORE seeing MACD failure. (MACD SELL)

The big fall in BHP on 30/9 then revealed the Momentum signal, MACD Down.

When these are "out of order" BAD THINGS FOLLOW.

Now to cap this off, BHP shows a PRIMARY SELL signal on 24/9, a day that BIG MONEY bailed out, and optimists bought the stock - bad move.

BUT, one must exert patience and just "let it happen".

I could really write a 2 page dissertation on this current "slide" so I chose instead to find an "almost twin" in BNB, August 2007.

BHP will NOT flow the same as BNB in August 2007 but the result of a Primary Sell signal followed my these "out of order" MACD signals is ALWAYS NOT GOOD.

I don't say these things to further the progress of my put, that will happen with market forces regardless of any investor in Australia.

Australia holds I believe less than .5% of stocks on a global perspective so we are really only ants at the bottom of the colony bickering over a blade of grass.