Probably good for 10-15% move over the next week or so.
Long some DUG.. ST trade.
Started by
ogm
, May 09 2008 08:50 AM
8 replies to this topic
#2
securelstmile
-
- Banned
- 2,603 posts
Member
Posted 09 May 2008 - 09:04 AM
yes look at amr.
It's diverging from oil.
The harder I work, the luckier I get.
#3
isaac613
-
- Traders-Talk User
- 1,264 posts
Member
Posted 09 May 2008 - 09:52 AM
I like the way you think OGM. I have gotten into dug recently too. Nice trade I think coming up.
#4
SemiBizz
-
- Traders-Talk User
- 23,217 posts
Volume Dynamics Specialist
Posted 09 May 2008 - 10:00 AM
Good Luck... If USO can break this 100.64. You're good to go. and so is the broad market... higher.
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
SemiBizz
-
- Traders-Talk User
- 23,217 posts
Volume Dynamics Specialist
Posted 09 May 2008 - 10:15 AM
Now if that 100.64 breaks, it's coming on some volume... so where it wants to go is that Wed 1PM candle low .... 98.XX
If it doesn't break, then there's some pretty strong mo available to take this higher..
http://bigcharts.mar...&mocktick=1.gif
If it doesn't break, then there's some pretty strong mo available to take this higher..
http://bigcharts.mar...&mocktick=1.gif
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
#6
ogm
-
- Traders-Talk User
- 13,780 posts
Member
Posted 09 May 2008 - 10:20 AM
Good Luck... If USO can break this 100.64. You're good to go. and so is the broad market... higher.
So far DUG didn't exactly follow USO.
Oil stocks are struggling today even with the oil up to new record. That theoreticaly usualy precedes a pull back in commoditiy itself, which in turn may put additional pressure on oil stocks to pull back.
I'm just taking a que from 60 min charts. Not going to marry this position, but I think it will be fine next week. Just a trade.
#7
SemiBizz
-
- Traders-Talk User
- 23,217 posts
Volume Dynamics Specialist
Posted 09 May 2008 - 10:35 AM
Yeah but the oil price will ultimately determine what happens to old DUGGIE...
Right here, 101.41 is holding USO. If you look closely you can see there was strong buying at the low as it makes the low on lighter volume and kicks into gear above it... so we're looking now at the second highest volume spike as next resistance 101.41.
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
#8
ogm
-
- Traders-Talk User
- 13,780 posts
Member
Posted 09 May 2008 - 11:13 AM
Yeah but the oil price will ultimately determine what happens to old DUGGIE...
Right here, 101.41 is holding USO. If you look closely you can see there was strong buying at the low as it makes the low on lighter volume and kicks into gear above it... so we're looking now at the second highest volume spike as next resistance 101.41.
"ultimately" is not my operative word atm
I care about next few days. And looking at charts like CVX. and I see they are ready for a pullback.
#9
beta
-
- Validating
- 4,384 posts
lasergirl
Posted 09 May 2008 - 11:44 AM
30-min sell signal on XLE. Break < 83 targets 81.
Edited by beta, 09 May 2008 - 11:44 AM.
"Daytrading -- An Extreme Sport !"
