losing 2629 then 20.50-07 becomes the target zone.
11/23
Started by
zoropb
, Nov 23 2018 07:46 AM
19 replies to this topic
#11
zoropb
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Posted 23 November 2018 - 01:16 PM
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#12
K Wave
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Posted 23 November 2018 - 01:20 PM
The breakaway gap away from 200 day MA on DJI still looking ominous... Crash risk not over until it can climb back above that gap....
Trannies ran into brick wall at 10,400 back test....
That pivot set on Trannies today likely very important going forward from here over next few days....
IF a final crash wave were to begin, it is from the 10,400 back test that it would begin....
IF Trannies climb back over that level before crashing downward, then the time window would most likely have closed....
Until then, Crash type activity on Monday still a very real possibility....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#13
MaryAM
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Posted 23 November 2018 - 01:20 PM
Kraken produced 40,000 barrels last month and its expected to increase with new well coming on line. Priced at a discount to Brent. To put in perspective that's about 2,000,000 gallons per day. Geo surveys suggest a lot more to be found. And don't forget Oklahoma and the big find in Texas last year. You can all thank the Permian Extinction - it gave us oil. Wonder what the next big extinction will contribute to the world - except that we will probably be extinct when it happens.
#14
zoropb
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Posted 23 November 2018 - 01:35 PM
A bunch of cell phones.
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#15
SemiBizz
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Volume Dynamics Specialist
Posted 23 November 2018 - 01:56 PM
$VIX needle has hardly moved during this decline... it's either a useless instrument or the market just flat doesn't believe the decline and is just sold on it as a "correction only". May take a very big decline, like well over 20% decline to move $VIX to "high enough to fade"...
People just got drunk on cheap money and they think it's going to last forever.
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Volume is the only vote that matters... the ultimate sentiment poll.
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Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#16
MaryAM
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Posted 23 November 2018 - 02:53 PM
Kraken produced 40,000 barrels last month and its expected to increase with new well coming on line. Priced at a discount to Brent. To put in perspective that's about 2,000,000 gallons per day. Geo surveys suggest a lot more to be found. And don't forget Oklahoma and the big find in Texas last year. You can all thank the Permian Extinction - it gave us oil. Wonder what the next big extinction will contribute to the world - except that we will probably be extinct when it happens.
Meant to say 40,000 barrels per day last month. Big difference.
#17
zoropb
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Posted 23 November 2018 - 03:53 PM
and I forgot about the early close, I would of said 2653 +-6.75 because of time.
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#18
zoropb
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Posted 24 November 2018 - 09:06 AM
Tuff week to call. What fits best with what I see is we head down to 2609-2614, from there make it's way to 2668-86 over the next 3-4 days. Then head lower. If we top out by Weds. then I would say by end of Friday we take out 2603.
One day at a time though and adjusting always.
Best of luck to everyone this week.
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#19
beta
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lasergirl
Posted 24 November 2018 - 02:28 PM
Agree, higher low followed by 1-2% short-term bounce to close last week's gaps. Before the sell-off begins.
Edited by beta, 24 November 2018 - 02:29 PM.
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#20
qqqqtrdr
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Posted 25 November 2018 - 05:44 PM
Let's what happens... My take is that if New Home Sales are not terrible this week, and we have new car Sales the following week.. If these numbers hold up we could be off to the races in the Market again. At this point there are a lot betting on the downside as well... I jumped in the market with both feet long on Friday.. Hope it was worth it...
