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Tuesday, May 29, 2012

BHP : update daily chart

Au:BHP

Await a reversal signal for wave 5 down...
Await termination of wave 4 (alert when Stochs reach o/b or reverse crossover)
(Stochs up/price flat).... Prices are correcting in a flat fashion.

Consolidation....

Wave 5 target : $27

Timing :
1 week for wave 4 to complete
3 weeks for wave 5 to complete ??

Weekly chart suggest 3wks
Daily chart suggest 1wk

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