Edited by hiker, 31 July 2007 - 02:27 PM.
BBH
Started by
hiker
, Jul 31 2007 02:24 PM
1 reply to this topic
#1
hiker
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- TT Member*
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independent trader
Posted 31 July 2007 - 02:24 PM
he said yest to buy....so, I did buy a pilot position late today
it crossed below the yest close line near the 10:19ET candle, and has been below ever since..now bouncing, and the 1 min chart config of the 5, 15 and 20sma's have been pointing up and improving since about the 15:12 candle...this may be only a daytrade if stopped out near breakeven...
caution..buying anything in today's one-day environment is highly risky....do not follow me please..just posting fyi only
#2
SilentOne
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Posted 31 July 2007 - 03:42 PM
hiker,
I like the investment thesis here too. But the daily chart is not screaming buy IMO. Support at 165 - 170 is being severely tested.
If I look at a 10 year weekly, I'd like to see a bottom form that holds 160. Once it bottoms, BBH would seem to be putting in a 4.5 year low here.
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
