BHP 1.32% $40.36 bhp group limited

shetoldmeso & sallyGreat charting work - thanks for sharing your...

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    shetoldmeso & sally

    Great charting work - thanks for sharing your perspectives with us. Sadly my ProfitSource software doesn't provide streamed data so I am unable to generate EWs based on 60 min settings.

    We certainly have an interesting set of charts & EW projections:
    . Stms's 60 mins chart indicating a bullish EW set has fully completed with the ABC correction apparently near its end
    . Sally's daily EW chart indicating that we're at the start of a long Wave 5 drop to about $11
    . For comparison I have added my latest version of a weekly chart below with a 260 period [5 year] EW showing that a very bullish Wave 5 is well underway & projecting up to between $55 & $65 by November 2010.

    The momentum indicator provided at the bottom of the chart is also very interesting.

    Based on the May16 2008 GANN's time by degrees tool shows that 240 degrees will be Thursday - ATM looking like a low if it is a turning point.



    4YIO - NFA
 
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