BHP 0.37% $43.40 bhp group limited

ripe for shorting?, page-21

  1. 1,356 Posts.
    sorry that should read 10.83!!!!!!!!!!

    not 10.38


    Posted 19/08/03 14:47 - 1 reads
    Posted by frankiedee
    Post #126124 - in reply to msg. 125855 - splitview

    The reason Why i said 10.38 is because,10.38 is the ratio 1.382 of the Quarterly Timeframe.

    I'm expecting BHP to actually close near its highs but I also know that BHP loves to do an 'Island Reversal' any time it nears these 1.382 ratios.

    Tomorrow will be interesting because over the past 2 years BHP normally wouldnot spend more than a day above this price within the current quarter.

    It's not a forgone conclusion but 'only a model of expectation'

    Sure I would have liked it to continue to fall and close the gaps, but...

    Like I said,

    'its all in the close'

    not advice, seek own advice.



 
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