Edited by BearItch, 25 March 2007 - 10:35 PM.
What, no discussion of Iran or Oil?
#1
Posted 25 March 2007 - 10:34 PM
#2
Posted 25 March 2007 - 10:53 PM
http://stockcharts.com/c-sc/sc?s=$WTIC&p=W&b=5&g=0&i=p53645376231&r=4342.png
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#3
Posted 25 March 2007 - 11:20 PM
#4
Posted 26 March 2007 - 06:14 AM
Mark S Young
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#5
Posted 26 March 2007 - 08:21 AM
Here's one recommended by Cirrus. Doing well even in tough times for the products. Made a nice triangular consolidation and tested the apex of it when the general market plunged on March 5, then went back to going upwards. Regardless of what happens in the future, I think a big Green Light is shining on this chart.
Doug
#6
Posted 26 March 2007 - 08:21 AM
#7
Posted 26 March 2007 - 08:45 AM
Oddly enough, yes.
It's funny how the sub prime debacle or whatever, showed up in the technicals before hand.
Or maybe, just maybe, you've (along with a ton of other folks) been fooled by the media into thinking that the funnys --or some inexplicable sudden realization of such by really smart folks with metric buttloads of money-- are a driving force behind price action.
Now, with all that said, I've got nuttin' but murk in the technicals, with two little sentiment sells and the rest mixed to positive.
So, maybe we can get some fundamental news to move this thing down and make my sells play out profitably.
Mark
I have a little weakness on my charts about direction. It shows short term we go lower until we do not become overbought, but that means lateral or down for the next couple days, then it could be off to the races again. For now I will stay short and see how the next couple of days go.....
Barry
#8
Posted 26 March 2007 - 08:57 AM
#9
Posted 26 March 2007 - 11:22 AM
~ Johann Wolfgang Von Goethe ~
#10
Posted 26 March 2007 - 12:38 PM
Though oil and natural gas haven't yet broken above what would be the necklines, they could be putting in Head and Shoulders bottoms.
Here's one recommended by Cirrus. Doing well even in tough times for the products. Made a nice triangular consolidation and tested the apex of it when the general market plunged on March 5, then went back to going upwards. Regardless of what happens in the future, I think a big Green Light is shining on this chart.
Doug
Doug
A couple months back I bought PVX and BTE Canroys and recently they have been moving up in price. XOM is also near its all time highs. Energy looks like a buy in here to me.
Best to you.
johngeorge