Ewj: elliott wave
- Thread starter mu200411
- Start date
Mup,
The huge collapse in the Dollar today sure did spike the crude oil back up past the weekly high of Monday at $68.45
I'd love to see BTU and PTEN crash here, but we are going to need a rally in the US Dollar in order to make that happen, eh?
Mup, if BTU is going to collapse down from here it could be EPIC!!!
Huge RIGHT shoulder on that puppy, eh?
The huge collapse in the Dollar today sure did spike the crude oil back up past the weekly high of Monday at $68.45
I'd love to see BTU and PTEN crash here, but we are going to need a rally in the US Dollar in order to make that happen, eh?
Mup, if BTU is going to collapse down from here it could be EPIC!!!
Huge RIGHT shoulder on that puppy, eh?
I'll have to take another look at the bigger picture....Mup, don't forget to look at the OIH this weekend. Last week's decline was contained by the 40 day MA at 99.43 and yesterday's low came in right at the 21 day MA at 101.00
If Thursday's high at 104.28 doesn't get taken out early next week, the OIH might get hit for at least a "C" down of 6 points, which would ACTUALLY break this week's low.
If Thursday's high at 104.28 doesn't get taken out early next week, the OIH might get hit for at least a "C" down of 6 points, which would ACTUALLY break this week's low.