calling bpt chartists, page-5

Whilst we are waiting for someone who can draw to post, I will also put my two cents worth on the table.

As has been mentioned before, BPT has swung out of perfect reverse head and shoulders, with the right shoulder on the exit being higher than the left entry shoulder.....nice.

It has immediatley formed a cup over the ensuing four weeks, albeit technically it has formed in relatively tight time frame....the 'handle' of the cup has now panned out into a tight trading range between roughly $1.45-1.50.

So we would be looking for a break up from here. We have been 'here' before of course, late last year and for a all of June this year. Hence there is a lot of congestion and tension built at this point. The punters, including us, are getting very watchful. Third time here, and every time with great expectation, because the fundamentals of this company are sensational. Recentl reports would suggest there is further excitement to look forward to, including overeas joint ventures.

BPT will be the next great Australian oil/gas company.

Further to the technicals MACD, Roc, RSI and Stoch are all 'tailing' in positive territory, waiting to be told where to go; after all they can only tell us where we have already been afterall. I beleive they will be told within the next 2 weeks!
Chaikin money flow has just turned up again.

Having been a longish term holder, I feel the time is nigh for the cash and the glory.

Usual discliamers regarding POO and Oct history not repeating itself!

Goodluck