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maybe oil always spikes before a recession, and we're not that far off from one

it can't remain flat forever and it's stupid to predict that the market is headed to 1600 or 2400, which a few people on ET are doing right now, that's nothing more than gambling short on the break of 1900 and long on the break above 2138; trade the range if you like but trying to call tops or...

1) sentiment is extremely bearish 2) technicals are solid 3) dead cat bounce is inevitable http://charts.stocktwits.com/production/original_47171081.png?1450755687 as you can see oil is in a falling wedge, which is usually a bullish pattern once it's broken - not saying it will break this...

i'm a bulliever :D autodidact and rickshaw opened my eyes

how can anyone predict stock prices? forex prices? etc? by monitoring the markets and seeing patterns

russell looks awful though, potential h&s with shoulders at 120 and head at 130

long term still bullish, this is noise

if 1970s holds this has the potential to make an inverse h&s left shoulder established in the beginning of 2015, bottom in august, and right shoulder in progress i just don't think a top is that easy to call, especially when everyone thinks the top is in....it's usually the opposite but we'll see

i'm still long, no official sl going based on instinct here

long crude 4 contracts, avg 36.1 (february) betting the bottom is in

black friday tomorrow? it's still gapping down ah

still in a downtrend looks like a bull flag but at this point you have to think what's going to break it higher?

get ready for crude to fill the 39 gap within the next 2 weeks

2 contracts btw they raised

stopped out went long again 35.7 sl 35.5 basically i'm betting there's an inverse h&s in progress and that oil will spike after fed minutes are out

still in it, didn't stop out

L CL 36.08 SL 35.75

:cool:

the pump and dump coin is having a dead cat bounce that's all

oil broke uptrend, probably will take equities down with it