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Monday, September 26, 2011

BHP($BHP) : On the 200days Weekly MA

BHP($BHP) : On the 200days Weekly MA
Will it provide a solid enough support for a bounce ?
Or slice through it.
Wile longer term moving averages works as a support in an uptrend
and thus the buy on dip trading theory
However, it doest work if it's on the way down as has been shown again and again
recently.
Given the bearishness in metals, it probably might just give way.

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