bhp opinion, page-37

Hi Mongombolo.

In my opinion, in todasys markets there is just too much info available, Fibonacci,trend lines, supports,resistance levels, the list goes on and on.

A friend of mine just spent thousands on a few courses and so far she has lost a motza. So much for this easy way of making money with formulas designed by experts. Sounds like a lot of baloney and in my opinion it is just that.


Have successfully traded the majors for some time now on a VERY simple formula which over a three year period has proved to be 90% accurate.

Do honestly think that whilst available info can be helpful, from what I have seen people get bogged down by a lot of it and get into a total state of confusion.

A case in point a few weeks ago I was advised to cover a short on BHP first thing on the Monday according to A bollinger or such like.To make a long story short I sold more and came out a very happy vegemiter.IMHO the only good Bollinger is something you drink.

I,m not rubbishing some of these fancy trading systems and technical aids, however from what I see and hear there is no such thing as a successful system for stock trading.

Have my theories for tomorrow but will not waste your precious time as after all it is Easter and we all have better things to do today.

Best Wishes,


Penny.