OIL
It took two+ months, but the inverse H&S target was finally met a few days ago at almost 60, then I thought it would pull back a bit.
This is EOD as of yesterday’s close, but I think today WTI is about 59-ish [?] again
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now we finally understood why despite the market was up and up and up VIX was up and up and up too. Big guys knew far more ahead of us.
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Michael Flynn promised "full cooperation to the Mueller team" and is prepared to testify that as a candidate, Donald Trump "directed him to make contact with the Russians." http://www.zerohedge.com/news/2017-12-0 ... cks-plunge
[add on: LOGAN ACT summary at the link above]
Last edited by Al_Dente on Fri Dec 01, 2017 12:33 pm, edited 1 time in total.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Al_Dente wrote:Michael Flynn promised "full cooperation to the Mueller team" and is prepared to testify that as a candidate, Donald Trump "directed him to make contact with the Russians." http://www.zerohedge.com/news/2017-12-0 ... cks-plunge
Heard an interview on Bloomberg recently with a law professor specializing in racketeering trials. He said the Special Prosecutor is using standard organized crime tactics. Gather the obviously-guilty small fish, and start “rolling them up” as the phrase goes. Roll them up as high as it goes, and as high as they are willing to go. It’s a long slow process, with occasional successes.
So it’s very likely that progress in this process could be leaking out of the prosecutor’s office.
My 1,000 transactions per bar chart is averaging 10 seconds per bar since the drop started. The spike low was at 11:14:07 to 11:14:11 eastern. My chart is in Mountain. The first drop bar was at 11:07:57 and lasted 20 seconds.