zanzibar
If I understand you correctly, you are suggesting I draw a parallel of the C - D line to join the May 06 and October 07 peaks?
I'm using a semi-log scale and I'm afraid the best fit parallel line is the C - B line: it is very close to joining the peaks, wheras the C - D line is a fairly poor fit.
The chart will look different in an arithmatic scale, which I suggest is the one you are using. Perhaps the C - D line is the better fit in that scale.
Glad to hear you agree with the importance of BHP to XJO and I agree that $28.00 might be achieved by BHP and should be the target for any shorts taken at present.
zanzibarIf I understand you correctly, you are suggesting I draw...
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Last
8,023.9 |
Change
-3.100(0.04%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,027.0 | 8,027.0 | 7,990.3 |
| XJO (ASX) Chart |