new week ahead for ms billiton, page-17

hi mongo

When I quoted a "parabolic" figure of $18.69 for BHP , it was a forecast for the future.

Now, it is likely to take many, many months for this to occur.

WHY?

My September Projection Oscillator fell to 12.8%, that's a catastophic LOW for BHP so it's no wonder that we'll see a "bounce" now.

The last Montly P.O. Low of note was in August 2001 at 16.6% and almost every dip has been "higher" since then.

The "next higher" P.O. dip will come at a "LOWER PRICE".

When will it happen? Hard to say.

The last time that the BHP P.O. dipped to a "lower low" like this, the stock went for a 2 year rollercoaster and it went 30% lower than the first low spike.

$27 x .7 = $18.90

Now, we all may have to wait up to 2 years for this price,
and in the mean time, we play the stock month by month.

Should this current "bounce" reach about $42 (in the weeks ahead), i'd be getting twitchy with the sell button.
..................................................

Don't be a follower - be a student!