Thursday, 10 June 2010
BP
I am not trading this but worth noting that 360 touched today,which ordinarily would be a buying level with a close stop.However these are not normal times and the liabilities for this company are uncalculable/open-ended at this point.360 is half Gann 720 high zone and is also 60 squared.Look at the chart and see how 640 and 490 were important.If we break 360 halving again to 180 is the Gann projection,a scary thought.Stock topped 21/04 and I would feel happier buying if we were at 360 on 21/07 but we have over a month to go.
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