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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Salt'n'Peppa who wrote (135175)6/16/2010 11:54:49 AM
From: Jacob Snyder  Respond to of 206131
 
bp shortterm trading:

BP seems to be going down in a stair-step fashion, not linearly. June 9 was a hi-volatility hi-volume day, when we set a low of 39. If we can retest that low, and bounce, it would be fairly safe to buy for a st trade up to 32-34. If we slide below 39 on lo volume, then we probably just keep on going down. Yesterday was a perfect storm of bad news
Message 26618122
so it's bullish we haven't set new lows (below 39) today.

There are so many posts on this board, I'm going to label my posts as above, so anyone not interested can skip it.