@Parttimetrader, "nomanland which chart do you use?"
my pair of eyes...
1st. "#4. My Elliot Wave SignalsMulti", for /\ and \/
2nd. I look at "over all" chart direction.
3rd. "#2. Bollinger Band %b and Width" and "#3. My Crossing"
4th. Look at 2nd chart, 1st graph, "My FVE" all the 4 colored lines, above(bull) or below(bear) 0 and the slope of the line. Upward(accumulation) downward(distribution)
5th. look for past similar movement.
6th. look for any entry, exit, just wait it out, or just get on with my work and life.
with so many contracts in hands which will keep them busy for the next 5 years, a drop below 40s is unlikely. It should rebound back to 52s-54s in a near future. Time to accumulate.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
snwong13
724 posts
Posted by snwong13 > 2015-12-23 08:52 | Report Abuse
.
http://fuelfix.com/blog/2015/12/22/irans-market-return-could-sink-oil-prices-by-5-to-15-imf-says/#36696101=0