where is bhp at, page-13

Barry, I make these simple points....

In an ideal world where markets rise and fall on supply/demand fundamentals, your argument about oil rising when demand rises would be correct. But as I have said often, there is absolutely no relationship between oil fundamentals and its price. Not on the way up...nor the way down.

BHP profit is a fundamental, and the market does not trade on fundamentals.

BHP's profits are in $US dollars, but irrespective---see above---a rising $AU lifts the share prices of Australian commodity producers.

I thought the Dow and BHP fell because the stochastic and other indicators had peaked, lol.

Yesterday's price action was tradeable: I was preparing to exit with an unthinkable small loss, when the recognition of chart patterns and application of fib levels, instead made me hang on for a profitable exit near the high.

Now I know you have a short position and you want peer approbation your stragety is the correct one...

I too have a position, having exited most of my holdings at this week's tops....

But I am studying charts very closely for a tradeable or long re-entry.

And I am confident no amount of bleating about supply and demand fundamentals is going to influence that. :))