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BHP Billiton Limited Message Board

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  • MINCE38 MINCE38 Nov 19, 2009 4:00 PM Flag

    Double top?? Input please..thanks!

    According to my teacher and boss, Oliver Velez who is perhaps one of the best technical traders in the world, a double top is the most powerful pattern in existence. However on the daily it is not a double top. On the weekly.....no. But that is not to say we arent due for a pullback. I would also be looking for a double top when it occurs here for the other metal producers too. Then we are dead. I own this and X and SLV as my largest commodity holdings for medium term. I make a living as a day trader for Oliver so dont have many core holdings. Those 3 are some of the largest. Oh..and the knucklehead who was singing tiny bubbles like double tops dont mean anything is gonna be one unhappy camper when a black swan event occurs. Only the technical traders get out of the way of those!!!!!

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