Here is the latest DJIA chart which better signifies the current market than the BHP chart IMO. As I previously stated, a ‘surprise to the downside’ was indeed in order and a resultant break of the symmetrical triangle ensued. I feel that we have successfully retested the lows and put in an Engulfing Bullish candle with good up volume (93%).
BHP’s action on the NYSE whipped both ways (down and then up) and a lower open tonight is likely. I expect the market to tread sideways for a couple of days while this bounce is factored. Again, I am bullish on this market and see a rally well into 2009.
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Last
$44.01 |
Change
0.730(1.69%) |
Mkt cap ! $220.6B | |||
| Open | High | Low | Value | Volume |
| $43.28 | $44.06 | $43.25 | $219.6M | 4.998M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2747 | $46.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.00 | 264 | 1 |
View Market Depth
| Last trade - 15.59pm 10/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |