volt
The word LOW was followed by the LOW price on the day.
BNB
5/7/2007 MACD SELL LOW $31.30
26/7/2007 MACD DOWN LOW $30.90
and so it began a slide down to $17.60 on 16th August.
Almost any stock analysis program can analyse the MACD WAVE.
When it "bends" down, as was the case in BHP on 29/9, an MACD SELL signal was triggered.
A check on the Momentum signal on the day revealed NOTHING and it's usual to see a MACD Down Momentum signal BEFORE seeing MACD failure. (MACD SELL)
The big fall in BHP on 30/9 then revealed the Momentum signal, MACD Down.
When these are "out of order" BAD THINGS FOLLOW.
Now to cap this off, BHP shows a PRIMARY SELL signal on 24/9, a day that BIG MONEY bailed out, and optimists bought the stock - bad move.
BUT, one must exert patience and just "let it happen".
I could really write a 2 page dissertation on this current "slide" so I chose instead to find an "almost twin" in BNB, August 2007.
BHP will NOT flow the same as BNB in August 2007 but the result of a Primary Sell signal followed my these "out of order" MACD signals is ALWAYS NOT GOOD.
I don't say these things to further the progress of my put, that will happen with market forces regardless of any investor in Australia.
Australia holds I believe less than .5% of stocks on a global perspective so we are really only ants at the bottom of the colony bickering over a blade of grass.
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Last
$42.06 |
Change
-0.930(2.16%) |
Mkt cap ! $213.4B |
Open | High | Low | Value | Volume |
$42.33 | $42.50 | $41.94 | $609.8M | 14.57M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 5770 | $42.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$42.11 | 2807 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50 | 42.050 |
1 | 3318 | 42.020 |
1 | 4 | 42.010 |
15 | 8386 | 42.000 |
2 | 43 | 41.990 |
Price($) | Vol. | No. |
---|---|---|
42.180 | 1000 | 1 |
42.200 | 300 | 1 |
42.250 | 1866 | 2 |
42.390 | 2000 | 1 |
42.400 | 2000 | 2 |
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