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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: towerdog who wrote (51648)2/11/2022 6:47:09 PM
From: Sun Tzu  Read Replies (1) of 97205
 
Re: check the charts and your thread

Sure. Here you go:

This is when I first talked about oil (and it was on this thread): Message 33526915
October 12, "DBE told me yesterday to start winding down energy plays."

I followed it up on my thread with this advice: Message 33529172

October 13, "PS I think the oil and gas trade is too crowded and it may be smart to take profits rather than add to it."

Then on December 21 I talked about using oil as a proxy for when the market has bottomed. Meaning that both the stock market and oil had been falling and then it was almost time for oil to go up:

Message 33628574
"When I say "follow" oil, what I mean is that take a look at the chart of WTIC (or Brent for that matter). And if that chart tells you buy me, then you can go ahead and buy the stock market too. But if it says, not yet, then that is your answer.

So yes, all the futures, including oil, are up tonight. And maybe this is the bottom or maybe it isn't. But the charts so far don't jump out and say buy me."

And here's the DBE chart between October 1st and January 3rd:



This has been the extent of my oil advice. And I think they both worked out fine. Ultimately, everyone is responsible for the trades they make.

PS This is the chart that shows how overtraded oil is now: Message 33689988

PPS With 20/20 hindsight, I should have known that the 20th marked the bottom. but at the time the trend was down and the bounce could have been a false break out. Later I bought ERX, going long.
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