Search results

If Tuesday low is broken, the Market may go down to this target. If Tuesday high is broken, buy.

"M" pattern confirmation in Crude may send it down to near $110

Status: Long positions closed at fifth subwave of fifth wave. LT long position bought back at the small "m" neckline. Strategy: Wait to see if the small "m" neckline can hold.

It turns out to be a five wave pattern, the correction that follows may not be as deep as I first thougt of. The correction may stop at today low and then rebound to new high.

Status: ST long position closed when the return move failed and the "sHs" pattern was confirmed. ST long position re-opened at the end of wave :v near measured move when there was a higher high. ST long position was not closed at .â:á measured move because there was no lower low. Strategy...

Reverse Head and Shoulders patterns in the indices still hold :) . There is some resistance at measured move and August 16th, 2007 close :( , but r-sHs target may push us above the resistance trendline :D .

There is no wave :v as expected. We may be in wave ii which would take some times. Wave á looks inpulsive. Wave â is almost complete now. Danger of wave ã which may be equal to wave á, i.e., -200, -20, -40 from the beginning of wave ã and end near the end of wave .iv.

A measured move at the top of wave :i is not a place to sell. Hold the lost position for a short while.

I think the Nigerian militant group is long on Crude, so they engineered the "Oil bounces back". :D http://money.cnn.com/2008/04/25/markets/oil.ap/index.htm Status: Sold when there is a lower low near target and bought back at close on the support level, because wave :iv had completed 3...

This correction may be wave IV :confused: . Wave V should send us to target. :)

Selling pressure begins to mount near target price. :( Watch out for a sell signal :) to take profit.

Oil prices come tumbling down as expected. :cool:

Four buy signals in a row. :cool: 1. Divergence between DJI and S&P-NASDAQ :mad: 2. "w" pattern confirmation :( 3. "W" pattern confirmation :) 4. "r-sHs" pattern confirmation. :D

Reverse Head and Shoulders confirmed as expected. :) There is some profit left to make if buy here at return move. :cool: But don't buy below neckline. :D

Status. Sold at "M" pattern and Bought back at "W"-like pattern confirmation. Strategy. Reverse Head and Shoulders if confirmed will send the Market to 12950, 1400, 2440. So hold long positions to target unless there is a lower low.

Thanks Landis, That is my original count. But it will take us to $140 per barrel :eek:, where I cannot survive! :mad: . So I opt for an ED. :D Mu.

Is this an ascending wedge or ending diagonal triangle? :confused: If the answer is YES, Oil bull move may end here, :eek: , at least temporarily. :cool:

"MWMWM" pattern! :) Wait for another "W" pattern confirmation as a buy signal. :D

I would have been better off sticking to the original April 17th target. Status: ST long position closed after open when Monday high was invaded. LT long position sold at "M" pattern confirmation after Reverse Head and Shoulder failed to materialized and bought back at the last chance for the...

Last chance for the Bulls at the complete count of a-b-c and a bit longer than measured move. Beyound this point the down move will become implusive.