bhp up +5.2% nyse, asx???, page-47

From a bears perspective:

The trendchannel below, was drawn back in August 08. I am still of the opinion that the major downtrend is still in tact.

The last two days trading have shown some interesting price movement around the middle trendline. Make of it what you will.

Max price target of this move to touch the upper trend channel.

**But must overcome substantial gap resistance first...which may be more difficult than the $32 level**

Watching...waiting...paws rubbing :)

P.S. In the spirit of good sportsmanship and public nuisance.

If BHP breaks and closes above the upper trendline in the channel, i will burst out of my trading office, with both hands to my forehead making bulls horns with my fingers and run a lap of the block snorting and rearing up like a bull....naked!!

P.P.S Calm down ladies, you in particular Sally :) If your lucky you may catch a glimpse of ol'wxyz in all his substantial glory!!

LOL