My expectation of a Dow/bhp bounce overnight didn't materialise --with a vengeance.
Europe expected it, copper prices shot up 4.5% in anticipation... the scene was set...and then the market suprised us.
I still think we are very very close -- but of course I could be way wrong.
To fall much further the 9-day moving average would have to cross below the 50-day, and that hasn't happened since September, and it rose back up in early december.
Slow 14/7 stochastic still shows a day or so to go before bottoming, while the faster are primed for a bounce.
BHP USA fell sharply, 6% to $36.85 = $28.78 Australian.
It looks like wanting to make a full retrace to January 23 level.
Charts are dailies for BHP USA, and BHP ASX.
grab your parachutes, page-2
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Last
$43.95 |
Change
-0.910(2.03%) |
Mkt cap ! $223.0B | |||
| Open | High | Low | Value | Volume |
| $44.90 | $45.61 | $43.34 | $387.1M | 8.701M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 1832 | $43.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.96 | 2920 | 10 |
View Market Depth
| Last trade - 15.58pm 08/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |