friday, page-54

Thanks Volt

I asked because yes it was all in good fun. The serious side is one of our major companies has made some poor decision in the last few years and thankfully for BHP and unfortunately for RIO, BHP walked away from a dangerous situation.
What i was looking for ( and from any one) was a few thoughts as to how best to fix the solution going forward and like Volt, I am mainly TA.
My fundamentals skills finished when i punch out a computerized list that puts RED on companies with Debt to Equity at +70% and and income cover less than 5.

SB2000 and Sharks thanks for the thoughts

The main reason i brought the RIO thingy here was it has have serious wieght on the index as well as sentiment to the materials sector, so it plays a huge part in index trading.
When the fractures started to appear in 2008, we mentioned concern for CBA and when it broke, thats when the latest leg down started. Just like more recently british banks spooked with nationalization talks and what got hit on our index. Tell tale signs in major companies give you leads into where the SPI may or may not be going.

Ithaca
Give Volt another 100 points my friend and leave me on zero, as it was his constant posting on BHP monthly charts that highlighted a serious move south was coming.

Im might be a raging bull, but i will listen to thoughts from many as Mr Market can be brutual if we make a wrong move.