Wednesday, June 30, 2010


Will BP go bust?

Looking at the daily weekly and monthly charts..only the daily is showing some signs of a bottom (some positive divergence). Would be good to see it on the weekly and  monthly as to keep an eye on.  Doubt it will go bust too many vested interests.. (40% of it's shareholders are based in the US, BP probably a large part of most pension funds, UK government will miss it's revenues...just a few)

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