BHP 0.37% $43.40 bhp group limited

potential, page-76

  1. 7,728 Posts.
    BHP having trouble entering its gap to $40.06. I'm just day trading, in and out over 24 hours max, and have taken some nice scalps yesterday 60 cents, today 70 cents.

    So far today, has hit $38.60---ADR's closing price---4 times and retreated, but may break through.

    I've looked at how long island reversals have lasted since the 2003 low...

    There were 5 major ones: 5,, 7, 5, 21 (sept 2006), 5, and this one so far 6 days.

 
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