OOPS! UNG!
Kudos to goldswinger (in the above link) for calling the trip back to the bottom of the range.
How many are still riding this dog down the flat track?
http://stockcharts.c...4000&r=7960.png
Who let the gas out?
Started by
diogenes227
, Aug 21 2010 12:55 AM
5 replies to this topic
#1
diogenes227
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Posted 21 August 2010 - 12:55 AM
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#2
dougie
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Posted 21 August 2010 - 02:09 AM
i am thinking of taking a position, starter with hope we see lower prices
#3
goldswinger
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Posted 21 August 2010 - 11:25 AM
OOPS! UNG!
Kudos to goldswinger (in the above link) for calling the trip back to the bottom of the range.
How many are still riding this dog down the flat track?
http://stockcharts.c...4000&r=7960.png
Bottom of the range indeed. Took a decent size position at the close on Friday with HNU @ 4.85.
It is hard to read the waves but we are likely ending a wave 3 down......
GS.
#4
Tor
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Posted 21 August 2010 - 05:24 PM
OOPS! UNG!
Kudos to goldswinger (in the above link) for calling the trip back to the bottom of the range.
How many are still riding this dog down the flat track?
http://stockcharts.c...4000&r=7960.png
Bottom of the range indeed. Took a decent size position at the close on Friday with HNU @ 4.85.
It is hard to read the waves but we are likely ending a wave 3 down......
GS.
diognes thinks its going down from here. maybe he thinks to zero even, not sure.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#5
diogenes227
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Posted 22 August 2010 - 03:34 AM
OOPS! UNG!
Kudos to goldswinger (in the above link) for calling the trip back to the bottom of the range.
How many are still riding this dog down the flat track?
http://stockcharts.c...4000&r=7960.png
Bottom of the range indeed. Took a decent size position at the close on Friday with HNU @ 4.85.
It is hard to read the waves but we are likely ending a wave 3 down......
GS.
diognes thinks its going down from here. maybe he thinks to zero even, not sure.
diogenes doesn't think anything. diogenes just listens to the charts. since april this one has been passing gas.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#6
Islander
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Posted 22 August 2010 - 12:08 PM
Right! and the charts say the down volume exceeds the up volume in every swing in the trading range for the last year (they wait to short this sucker). This etf is going down on volume patterns, and of course, because fundamental demand just is not there. Sell!!
