BHP 0.05% $43.34 bhp group limited

going up or down..., page-23

  1. 3,128 Posts.
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    I'm thinking my long might get closed out if tonight isn't nicely green in the US.

    What I feel slightly reassured about is that technically we are set to go higher.
    I am also reassured by the fact that we are making a very very similar pattern to what happened in february - which suggests we've found the low, and will move higher from here.

    What I am not happy about is the amount of data out this week in the US - esp retail sales. If we find retail spending is less than expected, this may be a catalyst for further selling.
    Metals are also very poor right now.
    Also the dichotomy between BHP and RIO right now isn't good, and further selling of MBL isn't a good sign, with other banks making gains.

    So although there is enough data to stop me from pulling the pin right now, risk is everywhere, and I feel that I should have probably taken a week off, and came back once these movements had been made.

    But I'm not throwing in the towel JUST yet.
 
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