BHP

[asylum]

why the smack in the face today.

[john_1]

down 3% in australia last time I checked.

[striker]

Baffles me to.This giant of the resource sector lagging some of the little upstarts makes no sense !

[m9o]

1. They filed an application to the European Union for a takeover on RIO. 2. Resource index was due for a serious correction. 3. Oil dropped significantly. but im certain we should see some upside on bill on monday

[#5]

Have been reading Tom168's book on Fibonacci and Eliot waves - BIL seems to be a textbook example of how this works. Looks like we might just have completed wave 4. If true, we'll see a bounce early next week, as price touched lower resistance on Friday. If we had a short wave 3, which is not supposed to happen, then we've completed downward wave "a" already.