hi jaysee,
i think you're pretty much right regarding the shorting potential of BHP atm, particularly given the possibility of a shallow flat wave 4 or, even worse, a triangle.
it should be viable to get in and squeeze some profit out of it if the cap of $10.37 holds true, in which case the target range of $10.05 - $9.72 (from memory) should prompt a quick exit. if a triangle, then breakeven should still be within reach.
if BHP decides to extend wave 3(v) above $10.37, i'll tend to lose interest in it for the time being...
as you say, Wave 5 up should be just around the corner... and then Wave II down...
regards,
Ultrafart.
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$43.67 |
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0.270(0.62%) |
Mkt cap ! $221.4B |
Open | High | Low | Value | Volume |
$43.95 | $43.95 | $43.62 | $217.0M | 4.958M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 8935 | $43.67 |
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Price($) | Vol. | No. |
---|---|---|
$43.70 | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 529 | 43.670 |
1 | 895 | 43.660 |
4 | 1645 | 43.650 |
1 | 200 | 43.640 |
1 | 6417 | 43.630 |
Price($) | Vol. | No. |
---|---|---|
43.700 | 10000 | 1 |
43.710 | 1530 | 1 |
43.720 | 1500 | 1 |
43.740 | 300 | 1 |
43.750 | 1960 | 2 |
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