http://bigcharts.mar...&mocktick=1.gif
USO BREAKOUT ON VOLUME TODAY
Started by
SemiBizz
, May 05 2008 10:29 AM
12 replies to this topic
#1
SemiBizz
-
- Traders-Talk User
- 23,217 posts
Volume Dynamics Specialist
Posted 05 May 2008 - 10:29 AM
Price and Volume Forensics Specialist
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
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
#2
denleo
-
- Chartist
- 3,097 posts
Member
Posted 05 May 2008 - 11:16 AM
Yeah, Crude oil at 120 is kind of cheap.
Denleo
#3
tozwp
-
- Traders-Talk User
- 370 posts
Member
Posted 05 May 2008 - 11:24 AM
Yeah, Crude oil at 120 is kind of cheap.
Denleo
Its funny how everyone considers $120 really expensive for oil but they have no trouble buying the dow at 70 x earnings or the Rut at 56x. Something isn't right with this picture.
http://online.wsj.co...d=topnav_2_3000
#4
SemiBizz
-
- Traders-Talk User
- 23,217 posts
Volume Dynamics Specialist
Posted 05 May 2008 - 11:29 AM
http://bigcharts.mar...&mocktick=1.gif
It's not done yet either... .Volume Spike high from 11 O clock hour will be tested....
It's not done yet either... .Volume Spike high from 11 O clock hour will be tested....
Price and Volume Forensics Specialist
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
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
#5
Jnavin
-
- TT Member*
-
- 2,126 posts
Member
Posted 05 May 2008 - 11:55 AM
Divergent context though this time around: the U.S. dollar is not hitting new lows on volume. Rather, the rally continues. Something has changed.
#6
beta
-
- Validating
- 4,384 posts
lasergirl
Posted 05 May 2008 - 12:01 PM
Double-top formation here is possible in the energy group.
Im re-loading DUG (31).
"Daytrading -- An Extreme Sport !"
#7
denleo
-
- Chartist
- 3,097 posts
Member
Posted 05 May 2008 - 12:03 PM
I have not shorted Crude oil in 8 years. And will not do it until the next president is sworn in.
Denleo
#8
SemiBizz
-
- Traders-Talk User
- 23,217 posts
Volume Dynamics Specialist
Posted 05 May 2008 - 12:06 PM
USO ABC UP 97.50
Price and Volume Forensics Specialist
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
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
#9
SemiBizz
-
- Traders-Talk User
- 23,217 posts
Volume Dynamics Specialist
Posted 05 May 2008 - 12:07 PM
I have not shorted Crude oil in 8 years. And will not do it until the next president is sworn in.
Denleo
Yeah, we're not through swearing at this one....
Price and Volume Forensics Specialist
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
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
#10
SemiBizz
-
- Traders-Talk User
- 23,217 posts
Volume Dynamics Specialist
Posted 05 May 2008 - 12:13 PM
Divergent context though this time around: the U.S. dollar is not hitting new lows on volume. Rather, the rally continues. Something has changed.
Nothing's changed, if they want to put a higher value on the dollar then that's just an excuse to raise the commodity prices some more...the market isn't buying the dollar pump up. That's what I see.
Mdme Market to US Treasury... "You just THINK you're going to get more for that rag"
Edited by SemiBizz, 05 May 2008 - 12:15 PM.
Price and Volume Forensics Specialist
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
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
