Friday, 26 August 2011

BHP Billliton

This is another key indicator,like the Dax in my opinion and it is not looking good,BLT is the biggest mining stock in the world and a great lead for Chinese  and global growth.We have a fast move down off a 3rd high,break below trendlines and previous peaks,a dead cross of the 50and 200dma and now appear to be consolidating in a bear flag formation below the broken trendline before the next plunge down


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