Trading with point and figure

[Dentalfloss]

oil...poss swing trade /long
for all yu swingers

 

[Dentalfloss]

my air conditioned trading room...
a small space under the loft staircase
got the wife flapping a wet towel
lol

 

[Dentalfloss]

oil...poss swing trade /long
for all yu swingers

first rez 43.20..ish

 

[Dentalfloss]

dow...resilient

 

[Dentalfloss]

12841 is pivot area on 30 min bars...should bounce
bears will be watchin the bounce
a bad bounce and bears in and 12785

 

[Dentalfloss]

12841 is pivot area on 30 min bars...should bounce
bears will be watchin the bounce
a bad bounce and bears in and 12785

could be a swing trade...there

 

[Dentalfloss]

bounce....and bears watch 12895

 

[Dentalfloss]

dow 21530 lookin like a brick wall

 

[Dentalfloss]

cable 1.2600 is a pivot area
bad bounce from that ...bears in
1.2650 first rez
then 1.2683..ish

 

[cantagril]

Careful with oil, Lybia have opened up 2 additional fields and are flooding the market.

"Libya pumping its highest yield in 4 years, following an agreement to allow two of the country's oil fields to resume operation."

It's not just the Lybians: the Nigerians are getting their act together, the Americans have really streamlined fracking recently and are able to turn the taps on and off in short order plus that the latest opec deal seems to be as effective as most of the previous ones There are plenty of reasons to think that oil is still over-priced....

 

[Dentalfloss]

poss dump on nas 100 looming
5720 first
then 5700

 

[Dentalfloss]

It's not just the Lybians: the Nigerians are getting their act together, the Americans have really streamlined fracking recently and are able to turn the taps on and off in short order plus that the latest opec deal seems to be as effective as most of the previous ones There are plenty of reasons to think that oil is still over-priced....

great stuuf...thanks
i always assumed that the easiest way to amnipulat stock index was thru oil...??

 

[Dentalfloss]

our 12805-12820 cluster areas hit
luvin it

 

[Dentalfloss]

dax index...breakout area was 12818-12842
that area should be supp
needs to stay above 12.8K
12805-12820 a cluster area
index..not spreadbet

posted at 7.14am

 

[Moneylender]

Some DAX levels and trends, 12830 ought to hold it for now!!

Or maybe not!

 

[Dentalfloss]

21.5K dump..??

 

[Moneylender]

21.5K dump..??

Well i expected it but no signs yet!!!

 

[cantagril]

great stuuf...thanks
i always assumed that the easiest way to amnipulat stock index was thru oil...??

I think you're absolutely right - it's also that the news about oil makes sufficient impact on not just the big boys but on retail clients as well to cause a reaction that quickly gets followers.

I've always wondered just who starts the ball rolling and at what point. Today's Libyan news is actually not today's at all and is merely the result of a process that's been on-going for at least a few months. What interests me is who decides (and in what circumstances) that they're not only going to jump first and at the same time make enough noise about it to trigger the rest of the move so they can lock in their larger profits sooner.....if I knew that etc etc etc.

 

[Moneylender]

I think you're absolutely right - it's also that the news about oil makes sufficient impact on not just the big boys but on retail clients as well to cause a reaction that quickly gets followers.

I've always wondered just who starts the ball rolling and at what point. Today's Libyan news is actually not today's at all and is merely the result of a process that's been on-going for at least a few months. What interests me is who decides (and in what circumstances) that they're not only going to jump first and at the same time make enough noise about it to trigger the rest of the move so they can lock in their larger profits sooner.....if I knew that etc etc etc.

THE Cartel!

 

[cantagril]

THE Cartel!

Damn! ...and there was I thinking it must be the Illuminati