wxyz
In an earlier post I provided a weekly chart showing a 260 week [5 year] Elliott Wave 5 projecting BHP's SP with a Wave 5 rise to about $60 by late 2010 [reference below]. I also pointed out that on daily charts Elliott Waves are projecting a Wave 5 drop to about $12.
IMO ATM "the jury is out" [ie. no clear trend] but our market is ~50% below the Nov 2007 top with just 50% left to zero! IMO BHP has a good chance of surviving the worst economic scenario that can be generated and barring an apocolyptic future looks set to emerge post this global financial mess as Numero Uno as a diversified miner.
IMO BHP is somewhat ahead of tax-payer bailed out financial orgs. which are really responsible for the current mess. Begs the questions; "What it a capitalist system without capital?"
At a time when US, Japanese & European capital has deserted our market IMO the intelligent money is now coming from China - why pay $big for Aussie dirt when you can have a stake in Auusie miners for a song?
4YIO -NFA
wxyzIn an earlier post I provided a weekly chart showing a 260...
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Last
$39.55 |
Change
0.000(0.00%) |
Mkt cap ! $200.6B | |||
| Open | High | Low | Value | Volume |
| $39.64 | $39.73 | $39.50 | $271.5M | 6.834M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12586 | $39.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.60 | 570 | 1 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |