BHP 1.07% $43.43 bhp group limited

must read , page-22

  1. 153 Posts.
    TOO MUCH EMOTION HERE!

    Now fellas, let's just examine the realities.

    My 2 day Inertia on BHP dropped to 3.92% yesterday and I expect it to go LOWER today to perhaps 1.6%

    My time Series Moving Average is in "free fall" and should almost hit the deck today.

    This tells me that whatever the LOW today, it's likely to go LOWER next Monday morning.

    At this point, the Inertia has no where to go and the BHP should do a "technical rebound" and perhaps peak out on Tuesday.

    This is the "BOUNCE" that i've been reading about and I agree.

    My guesstimate is : - wherever BHP falls to today, shave perhaps almost another $1.00 off for Monday and join the bounce.

    With 8 minutes to go, the current Open is $20.

 
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