wall at 40, page-137

Voltaire

As you know, i have always been respectful on the monthly chart along the way. However i guess until the trend line is broken it gives opportunity to minimum risk trades.If it breaks im first to respect stops and look elsewhere.
My thinking on monthly chart is that like oil we need to hit the 200% fib level, which to alot of people will sound absurb.

As some note i shorted oil at 147 based strongly on the 200% fib level, noting the first time it hit the 147 it missed the 147.27 fib level but when it came back for another go at $150,it hit fib level on the spot.

I consider this to be Wave 4, and i dont expect it to be as severe as alot of people think and would think the recent 3582 to hold for sometime.
I might have it all wrong and will always be the first to admit being wrong. But i always stress
KNOW THE RISK - USE STOPS


I guess there are many other arguments we could use for and against BHP, but again i say its a good weekly long until proven wrong. The last trade yeilded 15% in under a month. And afterall its the productive trades we all want and thats why i like to live the moment but respect all longer term views.

And i agree there are some other stocks, offering very juicy trades and they may return better than BHP, however i devoted hours and hours to BHP so when its in my favour i have alot of faith in the research and when its not i patiently wait.