Yeah, staying short on BHP right now. I don't really trade indexes, but I'm just waiting to find a good provider for indices. Just doing paper runs on o/s indices at the moment, as I'm not confident in my ability to pick em. So trying to get up to speed on global economies - more to do than I thought.
So I stay up pretty late reading stuff...
My reasoning behind BHP. There are technical pressures since a week or so ago. This includes copper charts and falling Nickel. Plus, US home sales etc will put pressure on all resource stocks.
Just hanging out til after options expiry. Think that we'll get a fall sometime around then. (ie a big one)
wednesday woes, page-82
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