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IHS Right shoulder build out all but negated... when setups appear a little too sweet.. they usually are.. I gambled on scale down & got lucky with snap back north... I see a tipping point here .....

B, You can`t go down -350 handles & claim victory on a micro move north... Good Luck

Volume acts as a valuable confirming indicator on strong moves, consolidations, reversals..... imo.. despite not using it... except when I need validation of a confirm entry

-350 Handles worth.... that`s TOO big piece of the pie to give back... I thnk you know that!

What about your position at 2900 stuck up at he North Pole.. You may have to kill that malignant tumor now & get realistic to current changing of the guard!

Ditto... No Stochs, macd, kelts, Bolingers, etc Nada

This Vol is a gift for the true traders out there that love to play an accordion... Tremendous opportunity from both sides of the plate...

Bullys had another gift chance to off load at the Fib retrace zone @ 47/48 on the over night swing hi.. This just may be more than Just a noisy shoulder build out!

Valid Point.... a buddy of mine traded the crack spread on crude/ gas at the time down at the NYMEX.. gas / waste product of crude post refinement never managed to reflect the crude price at the pump.

+1 Correctamundo... which is precisely why it correlates to the over all Markets & Economy!

Bingo!.. They cleansed out those weak Bullys Big Time... Closing above 2720 was mandatory for continued move North... Yesterdays failure to do so Told us they were not finished hunting Stops down South.... I Scaled the Nickels the entire way down.. Geez Louise! 8x bigger than I ever intended...

That MACD is highly concerning for Bullys... as is Relative Strength ... as is the 2332 TL.......... I will agree with B , that the more simplistic the chart, the more meaningful it is.

It`s all correlated.. even GC

We really should have held that close up North at 2720... I couldn`t help but lighten my load on all lifts.. something may be rotten in Denmark... I anticipate a pretty sizeable gap tomorrow in the AM. Volatility at or near market extremes are usually indicative of a change of direction with a...

A little Convergence Arbitrage ala LTCM ... You are a true capitalist! I like it!

Oil Bear has to factor into this equation as well... which we have...

2720 Close ...... ?

Largest size in scale should always be reserved at the deepest part of scale to maximize opportunity... Dip n Rips provides us with the greatest lo risk entry possible.... but you have to be be preset to catch them!!

This is why I Scale into "Value" zones.. especially into Buy zones.. This is the Dip n Rip I was referring to .. looking for close well above swing lo`s/ Fat Tail...

I did... 15.50 cost/ sell avg with more to sell .. so not whole scale.