Rio Tinto is a world leader in finding, mining and processing the earths mineral resources. The Groups worldwide operations supply essential minerals and metals that help to meet global needs and contribute to improvements in living standards. Rio Tinto encourages strong local identities and has a devolved management philosophy, entrusting responsibility with accountability to the workplace. Major products include aluminium, copper, diamonds, energy products (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc and zircon), and iron ore. The Groups activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa. Rio Tinto comprises wholly owned subsidiaries (such as Borax, Comalco, Hamersley, Rio Tinto Coal Australia, Kennecott and Rio Tinto Iron & Titanium), partly owned subsidiaries (Coal & Allied and Palabora) and non-managed, (Escondida) and joint ventures (Grasberg) in which public shareholders, other companies or governments are partners.

            Red = 25 day moving average.           Green = 200 day moving average.

SALES PER ACTIVITY (Data as of 31/12/2005)

Iron:        29%
Coal:       19%
Copper     18%
Aluminum: 14.5%
Minerals:  12.5%
:              6%
Misc:        1%

http://www.telegraph.co.uk/finance/newsbysector/industry/mining/6003057/Rio-Tinto-shares-slide-on-China-spy-claims.html

Seems like my little Bollinger Band tip was a pretty good one (not that I can take any credit for it). Now down 248 points since posting, good as trading the DJ or a similar instruement

at the upper level indeed so, but judging entry is not quite so obvious
imo this rumpus with china is just a bit of sabre rattling and manoeuvring for some political end

22 might be worth looking at.
You need to study some other indicators in conjunction with the SP action Ricardo (or do you want me to do that for you as well?) LoL :-)

peter - you should be trading these yourself if you are not ..... you called correctly yet again at 2200 ..... managed to catch the knife at 2227 with some trepidation

Trepidation long since gone, stop at entry I hope Ricardo.
In answer to your question, No I'm not, but anything to help Guv (tugs forelock).

i'll certainly be out at top of boll bands

Just be careful this git isnt forming a mini head and shoulders, failure to get through 2500 or thereabouts may precipitate a fall back to at least 2200. Needs to make higher highs not lower lows. Dyor

i sold 65% of holding and am back in the money though not by much

Thought you bought in at 2219 old boy?

that was the last batch (2227) ..... regret had also bought in higher, but no probs

Did I read somewhere that RIO's results are due this week? Seem to recall profits would be halved? Not entirely sure to be honest.

Can't say I like the look of the chart at the moment as a head and shoulders pattern seem to be in the process of formation. Left shoulder at 20, neck and head formed, right shoulder at 20? We'll see.

at least my position here is b/e, but agree that sp is not behaving very well, so may cut tomorrow

From the Mail on Sunday

Rio Tinto is expected to reveal a halving of underlying profits from 3.3m to 1.6bn on Thursday.

Not sure what to make of that comment?

pth
they say chart/pattern recognition is an art and in the eye of the beholder. for the life of me i cant see a h&s within the range of prices you outline. sure i can see a potential "lesser one" but only potential, maybe it will develop into a "bigger one" a sort of fractals or wheels within wheels etc.caveat now you have mentioned it i suppose i can invisage it, but it aint obvious. LoL.thanks for bringing it to my attention.for it to "confirm" i would think the left shoulder at 20 needs to be broken fairly conclusively, followed by either a major move down , or alternatively a bounce back to the shoulder before making its major move down. this bounce may or not happen .
what of the mean time?
however before all this can happen lots of other stuff needs to happen.this stock has lots of technical support levels at varying degrees above 20 suggesting it wont happen, unless of course they all surrender. all just my opinion as always.dyor
what with results due this week i guess we wont have long to wait. hopefully.
to sum up , i dont see a h&s but then im wrong more often than i am right
regards to you
jkd

HARARE, Oct 6 (Reuters) - "Zimbabwean President Robert Mugabe opens a session of parliament on Tuesday which will debate amendments to the mining law. Mugabe told a mining conference last month the government would soon pass a law to address concerns raised by an earlier draft that sought to give locals at least 51 percent of foreign-owned mining operations.

MUROWA - Resource company Rio Tinto owns 78 percent of Murowa mine, the country's largest gold mine. Murowa produced 260,000 carats last year but company head Niels Kristensen told Reuters last month that Zimbabwe could produce six times its current output if there was certainty in the mining sector. ((Compiled by MacDonald Dzirutwe) (macdonald.dzirutwe@reuters.com; +263 4 799 112) Keywords: ZIMBABWE MINING/"

this has been a good play over the last week or so - i bought back in on 24/9 - but i think 30.00 may prove quite a stiff hurdle, assuming we get that far

sp now challenging 30.00 ...... this could be quite a substantial hurdle as chart indicates, but with the market charging, am inclined to stay put for the moment

discretion proved the better part of greed so have banked a very nice profit at 2987 - sp seems disinclined to stay above 30.00

cynic your lucky, I sold out yesterday afternoon at 2915 thinking they wouldn't go much higher. Still took a decent profit though, so I can't moan too much.