ClarkW wrote:Anyone have any thoughts on crude's recent drop? I'd assume with the powers around the world providing QE mania + riots in Middle East + Israel/Iran friction oil would be much higher. Anyone concerned it's signaling all this QE won't work?
USO is very underbought relative to SPY. I placed a small bet yesterday that USO will recover some, but in the long-term, I expect it to stay flat or slowly declining.
Al_Dente wrote:PAGING HARAPA
No agreement yet... you?
H: I’m using 168/20 instead of 168/9ema as it doesn’t jiggle around so much, just fyi
Also note that bolinger pierce then jump back inside bb is still acting like a decent bounce signal… but that’s just 4 quickie scalp… I kno u like swing….
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Still on sell side.
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And here is for scalping, NO hint of a buy here as well;need to see green appearing above pink
Harapa: any update to the pretty pinksheets you had 2 hrs ago? seems there might be more green?
Thanks for your input!
Indeed, we have greens. Also, if you have been following my exchanges with AL, we have a swing buy also.
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Above is provided for informational purposes only and shouldn't be considered an investment advice or recommendation to buy or sell anything.
I don't like this. are we going to close like this everyday?
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ClarkW wrote:Anyone have any thoughts on crude's recent drop? I'd assume with the powers around the world providing QE mania + riots in Middle East + Israel/Iran friction oil would be much higher. Anyone concerned it's signaling all this QE won't work?
My thinking is the same here but here's a possibility; float the market with liquidity and sink price of oil to offset inflation.
The Sheep Masses only care about "STOCKS HIGHER!!!" and "LOWER GAS PRICES!!" in the headlines.
So are you thinking the PPT has a side biz knocking oil prices higher? Very interesting....and sad but I wouldn't put it past any politician, blue or red.
we are different?/quote]
I noticed that. We are good now.
This is not exact and it’s only day one of watching yr scalp 13/43
On my view:
My regular swing said agree buy at approximately 2:15
13/43 scalp agree buy at approximately 1:50, but if it has to cross up, it was more like agree at 2:15
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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well, guess that's it for today. Friday tomorrow has been very very very very bullish recently, let's see if bears could make an exception this time. thank you guys, I'll see you tomorrow.
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Cobra wrote:well, guess that's it for today. Friday tomorrow has been very very very very bullish recently, let's see if bears could make an exception this time. thank you guys, I'll see you tomorrow.
ClarkW wrote:Anyone have any thoughts on crude's recent drop? I'd assume with the powers around the world providing QE mania + riots in Middle East + Israel/Iran friction oil would be much higher. Anyone concerned it's signaling all this QE won't work?
My thinking is the same here but here's a possibility; float the market with liquidity and sink price of oil to offset inflation.
The Sheep Masses only care about "STOCKS HIGHER!!!" and "LOWER GAS PRICES!!" in the headlines.
Also, if you had very deep pockets and inside info (i.e. power) and you KNEW with 99.7 % certainty that events were
about to take place that would send oil sky-rocketing, would you
a) Rush in and buy with both fists OR
b) Shake the tree first, shake out weak hands and then back up the truck at the discount prices.
??