Oil just had a correction.
Buying USO at 101.00
Stock market will be choppy, so I have to make money somewhere else. Easy money.
Denleo
Long USO
Started by
denleo
, May 09 2008 10:34 AM
7 replies to this topic
#2
ogm
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Posted 09 May 2008 - 10:43 AM
USO 60 min chart....
Looks like plenty of speculative volume churning in this thing already. Too frentic. Some divergences in 60 min charts forming.
And there is no such thing as "easy money"
Looks like plenty of speculative volume churning in this thing already. Too frentic. Some divergences in 60 min charts forming.
And there is no such thing as "easy money"
Edited by ogm, 09 May 2008 - 10:43 AM.
#3
SemiBizz
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Volume Dynamics Specialist
Posted 09 May 2008 - 10:45 AM
100.64 needs to hold and then the fibonacci extension stays alive... if you get the 1.618 - 113.XX comes.
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
#4
SemiBizz
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Posted 09 May 2008 - 10:56 AM
Your risk is pretty well-defined here. It should not close below 100.64, or the hourly 98.XX is in play and then you have a fib retracement risk on the daily that could take you pretty deep under that number.
I"d have a stop set... but I'm not running $Millions like you.
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
isaac613
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Posted 09 May 2008 - 11:07 AM
I want to short uso but they wont let me. Ameritrade sux. No shares available. I also think its going down pretty soon. Probably today is the high.
#6
SemiBizz
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Volume Dynamics Specialist
Posted 09 May 2008 - 11:11 AM
Short term resistance is only 101.41... I'd be careful shorting into a fib extension scene...
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
#7
SemiBizz
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- Traders-Talk User
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Volume Dynamics Specialist
Posted 09 May 2008 - 11:22 AM
100.72 gonna be tested here shortly looks like...
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
SemiBizz
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- Traders-Talk User
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Volume Dynamics Specialist
Posted 09 May 2008 - 11:45 AM
short term stealth sign of strength, fails to test candle low couple of bumps back on 3 min on stronger volume... consolidating.
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
