BHP 2.16% $42.06 bhp group limited

ripe for shorting?, page-52

  1. 436 Posts.
    hi armory,

    interesting observation you made on the correlation between DJIA & BHP (red line is DJIA)...




    i suspect the DJIA is about to have a serious decline, which would match nicely with a near-term decline in BHP. would suit me too - i also have BHP shorts.

    as to how far BHP declines - ie, whether this is just a wave 4 decline, or whether BHP has just finished an ABC and is headed way further down - i think will be revealed by whether BHP goes below $9.21 before it gets back above $10.84...

    regards,

    ultrafart.
 
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