Of course, is there any real relationship there in my second indicator or not? Don't know, I've just took a single position shot at it to see how it goes.
Edited by Sentient Being, 08 January 2007 - 06:28 PM.
Oil-Gas Chart
Started by
Sentient Being
, Jan 08 2007 06:19 PM
1 reply to this topic
#1
Sentient Being
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Posted 08 January 2007 - 06:19 PM
I took a flyer on oil. Someone posted on Oil-Gold connections and after playing around I thought what the heck, I'm going to take a swing at Oil. There is at least some reason to beleive Oil may be moving up for a swing trade. OIH is "oversold" with RSI and the price separation between it and Gold indicates they may start moving toward each other at this time.
Of course, is there any real relationship there in my second indicator or not? Don't know, I've just took a single position shot at it to see how it goes.
Of course, is there any real relationship there in my second indicator or not? Don't know, I've just took a single position shot at it to see how it goes.
In the end we retain from our studies only that which we practically apply.
~ Johann Wolfgang Von Goethe ~
~ Johann Wolfgang Von Goethe ~
#2
Sentient Being
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Posted 08 January 2007 - 08:25 PM
Small correction! Charted is IEO not OIH.
In the end we retain from our studies only that which we practically apply.
~ Johann Wolfgang Von Goethe ~
~ Johann Wolfgang Von Goethe ~
