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Wave five at +200, +20, +40. Should take some short term profit if there is a lower low.

Technically we see what the "Smart Money" do on the "decreased volume" day and what the "Dumb Money" do on the "increased volume" day. So "Smart Money" is always the minority of the Market.

The small Reverse "Head and Shoulders" pattern was confirmed and so was the "W" pattern which should lead to the confirmation of the big Reverse "Heads and Shoulders". :) This would fit the measured move. :D Status. Still hold long positions. Strategy. Take profit on the short "Long...

Crude oil peaked, near $112, below $114 as said. Crude oil should not fall below wave .4 of a lesser degree for the Bull Market in Crude oil to continue. -------------------------------------------------------------------------------- Posted by mu200411 on 03-13-08 08:03 PM: Crude $110...

Reverse Head and Shoulders pattern confirmed. Hold as said. Same chart as yesterday.

Alternative count: Danger of a 1-2-3-4-5-a-b-c count if the previous high was broken. Another -350, -35, -70 points down. :eek: :(

Reverse "Head and Shoulders" pattern confirmed. Another +150, +15, +30 points UP. :confused: :)

Reverse "Head and Shoulders" pattern if confirmed is a buy signal.

Rebound from support. :) Hold on tight. :D

Status. Waited for a while until there was a lower high and a lower low to reverse short "Long position" as said. Short "Short position" reversed at close, at the end of wave .iv of a lesser degree. Hold long positions. Strategy. Cut loss if down. Hold on if up. Look for sell/buy signals...

Let's see if Tuesday low can hold. New consideration, new count. Chart updated at 02:33 AM

Status. Take profit at +200, +20, +40. Re-entered short "Long position" when there was a higher high. Reversed short "Long position" at the fifth subwave of fifth wave as said near +300, +30, +60. Reversed again after the fifth wave failure near -180, -18, -36 when there was a higher high...

Thanks Mup and elovemer, I agree with Mup and elovemer in the Bear Counts, but there is still some hope for the Bulls. :) Another +200, +20, +40 UP before a -200, -20, -40 points down. Mu.

Sometimes there is no wave five as expected. There is no lower or sell signal. There is higher high, so it is a buy. Measured move points to +500, +50, +100 points from the -180, -18, -36 area.

An alternative count is a.1.2.3.4.5-b.a.b.c- another wave c of -180, -18, -36 points to go! :eek:

Oh! Yes. :D -180, -18, -36 points down and wave a-b-c.1.2.3.4. Another wave down and the down count will be complete.

One more wave and the count is complete.

A measured move at the previous peak, wave i, and fifth wave of third wave. Is there wave five? It is tempting to take profit again here. Expect a -200, -20, -40 points correction soon.

It's time to take profit and wait for another entry point.

Status. Short "Long position" closed at break even point near +150, +15, +30 from the low as said. Long "Long position" closed near +200, +20, +40 when there was a lower low. Short and long "Short position" opened near +250, +25, +50 when there was a lower low. Short position was not closed at...