here comes the 2nd leg down. let's see where it ends.
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Cobra wrote:no higher high, so now should be at least 2 legged down. purely OE play I can see, so not much to say today. This week actually is my vacation week, just want you guys to know, Cobra has no real vacation for 4 years, but next year will definitely have one.
Cobra, do you think we've had 2 legs down yet, or a 2nd is coming soon here?
Do you use anything besides chart patterns for these calls, like Stochs or RSI?
no 2nd leg down yet.
I don't use indicators mostly,
Thanks. You're making it look real easy today. Have a sweet weekend. You earned it.
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don't want to be today cause it's Friday, don't want to take any action today...
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don't want to be today cause it's Friday, don't want to take any action today...
I don't expect much off today either, but if new recent low is in,I will hold 40% of my swing evil position over the weekend, if not the holding will be less then 20%
My comments are for entertainment/educational purpose only. NOT a trade advice.
/cl market has gone full retard...not sure why it's up but i bought another contract at the 60ema touch 96.62 .. technicals over fundamentals. have a good one guys, i'm shutting down for the wknd.
Good chart, thanks. Indicators, as I read them, point to buying opp for next week. But, money flow worries me.
How do you folks all read this? Any thoughts to share for next week...anyone? Class? Anyone?
so far consolidation above support, seems breakdown is just matter of time...
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overshot plus H2 on the 3 leg down, let's see if any good rebound here...
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agnosia wrote:/cl market has gone full retard...not sure why it's up but i bought another contract at the 60ema touch 96.62 .. technicals over fundamentals. have a good one guys, i'm shutting down for the wknd.
Thought you'd checked out already! I oovered earlier for a small profit. Nutty market. We'll probably pop over the weekend for no good reason. I figure "they" will try to scare the public with the debt ceiling show next week, by letting the markets do their natural thing (sans POMO and the like).