macd says sell bhp, page-3

Yes, I have the same Quotetracker graph. The SAR points to a buy from April 3 to now, when things point to a reversal.

Still, the EMA gives a wider window, lagging behing the MACD, and quite a gap before the two lines converge. Offsetting this, is the resistance level of $45.

Let's hope that tonight US markets finally get it into their head that irrespective of the Fed's unclear future intentions, their situation is not all that bad.

Interest rates of 2 per cent, and two consecutive quarters of positive GDP growth in the circumstances give cause for optomisim....

And those in Australia who slavishly follow Wall Street, should take a deep breath. BHP profits come from oil and iron ore sales to China.

We might be inundated by Made In China goods in our retail stores...but the reality is that 70 per cent of China's output is for its own domestic consumption, and with the world's biggest market at its disposal, that pretty much insulates it from the daily vagaries of Wall Street's lemmings.