going short on the close, page-16

re: dangerously overbought not ftf
if you are shorting BHP, why not cancel out your trade yest, it was pretty realistic thtat BHP would rally today, bouncing off good support at 27 ish. Im more of the opinion that BHP will slowly rise before their report date and then its movements will be determined mainly on a daily basis on copper prices, inflation expectations and general day to day market sentiment but with the underlying overall belief that they are making huge profits and so should continue to rise until some sort of definite signs that global economy is slowing - which hasnt been confirmed yet what with globl growth this year est at around 4%. With that said IMHO bhp will continue upwards with a lot of volatility.