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BHP "Dead Cat Bounce"

My Williams % hit -100% yesterday - that's as low as it can go
..... so sure, today is a reaction to that.

It was a hard fall on the close, and it's bouncing today.

It's been over a month since this has happened and the implications are that more negative movements follow - moreso on a downtrend.

Have you heard the news about "$40 oil"?

It could be coming sooner than you might think.

The G20 will not save the day and if you think that politicians influence the economy, look hard at how much they had to say when the real money men stuffed the economy of the USA, not a peep, all they could do was try to clean up the mess.

Politicians do not control economies, the bankers do, and they own almost all the stockbroking firms in the world.

Politicians only step in when they stuff up and now they're having a "talk fest" to give us, the public, a warm feeling that they will save the day. NOT!

When and if BHP drops below my support price of $24.50, it's headed for uncharted territory and no world leader will save it.

Opec are trying to cut production to bolster the oil price but that is too little too late.

I look at the 200 day Money Flow of BHP and it's still heading SOUTH and if I can see it, stockbrokers can see it and they have got politicians worried about how low it can go.

Stockbrokers "knew" that this was coming as the 200 day Money Flow "peaks" got lower and lower.

So my friends, talk of imminent upside is just that.

In my view, this is a bump on a downhill ride.