I'm Bearish as I have been since I told you about the "best fade" Sell signal, but we've got two days left and I can't imagine that da boyz don't have at least one last effort left in them to dress the windows.
We've got a little pessimism built up, too. I'd be playing them nimble, nimble.
Mark
Rally?
Started by
OEXCHAOS
, Mar 28 2007 06:20 PM
6 replies to this topic
#1
OEXCHAOS
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Mark S. Young
Posted 28 March 2007 - 06:20 PM
Mark S Young
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#2
SemiBizz
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Volume Dynamics Specialist
Posted 28 March 2007 - 06:27 PM
Window dress started yesterday with that bogus Iran story. The boyz just needed a little room to buy these things cheaper. They squeeze out the weak hands and then run it back up on zero resistance... We all know the Iran story was bogus... so why is oil up so high? Leftover hysteria... that don't last. They release those hostages by week's end and there goes the premium on the oil price. Oil prices go down, stocks go up. Isn't that how it works? 
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.
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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
#3
hiker
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Posted 28 March 2007 - 06:31 PM
SB..so you are forecasting oil prices going down?
btw, USO 50.84 is a horizontal of importance, based on very long-term daily chart.
weekly chart -
btw, USO 50.84 is a horizontal of importance, based on very long-term daily chart.
weekly chart -
Edited by hiker, 28 March 2007 - 06:37 PM.
#4
SemiBizz
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Volume Dynamics Specialist
Posted 28 March 2007 - 07:05 PM
SB..so you are forecasting oil prices going down?
That's what the june contract looks like. The volume came in the day before the Iran hoax. Looks like it was a well planned pump and dump. June contract is going back under $64. Same deal on the May contract looks like $62-$63. Whoever planted that story had it well planned. I reckon they had plenty to sell all the way up to the top when the buy stops were blown out on that spike yesterday.
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
Mr Dev
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Posted 28 March 2007 - 07:55 PM
SB..so you are forecasting oil prices going down?
btw, USO 50.84 is a horizontal of importance, based on very long-term daily chart.
weekly chart -
hiker,
This is a little smaller, but a chart I'm playing right now!
It sure looks a lot like yours.
I was in back on the 21st and not a down day yet,...knock on wood .. don't want to jenx it but still may have.
Edited by Mr Dev, 28 March 2007 - 07:57 PM.
.. .. ..
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#6
Frac_Man
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Hank Wernicki M.A.
Posted 28 March 2007 - 11:10 PM
You may be right Mark ............... but short lived ............ then back down hard again .......
Hank
Hank
I'm Bearish as I have been since I told you about the "best fade" Sell signal, but we've got two days left and I can't imagine that da boyz don't have at least one last effort left in them to dress the windows.
We've got a little pessimism built up, too. I'd be playing them nimble, nimble.
Mark
#7
OEXCHAOS
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Mark S. Young
Posted 29 March 2007 - 06:20 AM
Right now, the sentiment is already hinting that the rally won't last.
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