thursdays mix

Dear Trader_10, BigRoddy, lapdog, Robbbbbbb, Mongombolo et.al

BHP's signals for tomorrow are like getting a slap in the face and a big passionate kiss from your wife and/or girlfriend at the same time.

Here is my humble input.

Thursday's Synoptics (based on Wednesday's data)

CDL - a clear BUY signal.

MACD- Daily +0.01, Signal 0.00. This indicates a current nexus of supply and demand. Therefore HOLD. Incidently, I checked the 3 monthly data and the MACD is drifting back south. So three monthly data suggests REDUCE

Relative Strength Index = 60 so HOLD

Bollingers = highish fairway which you would expect after the last few days of sp movement. Contrarians = REDUCE, Trendoids = ACCUMULATE

Parabolic SAR = 43 Buy indicators : 33 Sell so ACCUMULATE

London down 37 -1.91% at last check.

I agree with you Trader_10 some profit taking will happen tomorrow but no clear SELL signal other than a failing MACD. I am still captivated with Elliot waves Lapdog- thanks so much for posting them. I still have a shallow understanding of them. I must have missed the Elliot Waves lecture from my Economics lecturer -Daddy Walrus. Truth-be-known I was probably wagging and surfing ocean waves rather than learning about Elliot waves.

Sleep tight loved ones ... three steps forward ... one step back ... breathe in ... breathe out ...

regards

Capt. Goodvibes
Personal Love trainer

Disclosure:- I hold BHP. DYOR. Don't take what I have to say as financial advice.