BHP 0.94% $45.06 bhp group limited

bollinger band pierced

  1. 47,984 Posts.
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    Turnaround in the US associated with Obama [not BL though - LOL], unexpected improvement in the level of those seeking unemployment benefits & sharp improvement in retail. All point s to the recovery of the USA in H208, as many have predicted!

    Yesterday the bears pushed BHP's SP below the Bollinger Band, re-affirming the completion of the bearish Elliott Wave 4 at 47% & marking the likely start of EW5. I would like to take this opportunity to thank the bears for providing great buying opps.

    Post open 10:30am profit-taking on ASX just underway appears to be a blip on the radar - could be a very big up day today as shorters panic to retrieve their positions in case the 3 weeks they have control rapidly disappears.

    Lapdog

    4YIO - NFA
 
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