bought into rio today, looks cheap on pe basis, page-19

hi all.
weekly indictors are still trending down but we are now up against a little known fib support of 79.31, if broken then there is strong fib support at 77.38 and 76.31.
daily indictors are trying to form a swing low, the bullish divergence in the RSI is reforming, there is a bullish divergence in my daily detrend indictor.
a close today above 79.67 could have traders using the 2b rule very interested.
the rio sp is at present holding up better than the bhp sp.
traders will be interested in the us building permits and housing starts numbers tonight.
looks are if the release of aus monetary policy meeting minutes have done little to the sp.

just my 2c worth

have a good one.

582