Hmm, 2 days of weakness. But other than that, its not much else....

Hmm, 2 days of weakness. But other than that, its not much else. I'd like to see it below about 42 before the real trend starts to show itself. I think there is a current disconnect in many of the world markets right now, meaning that we're likely putting a top in place around now. Dow down, XJO down, but ftse up (maybe the rates data).

In any case, the long play is currently the risky one where BHP is concerned. Its been vertical for a while now, and whilst its difficult to say with certainty that this is a change of the trends, its coinciding with october turn dates would suggest that both the index and BHP are headed lower going into the rates decision in the US at the end of the month...