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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Keith Feral who wrote (41433)	12/6/2012 9:23:08 PM
From: Vendit™	Read Replies (1) \| Respond to of 222816

Thank you for the detailed post. As you know I prefer numbers over many other market factors. MACD is the most revealing about direction of the market trend over the next 5 or so trading sessions.

To: Keith Feral who wrote (41433)	12/7/2012 9:20:17 AM
From: Fintas	Read Replies (1) \| Respond to of 222816

A bit back when oil was at 65 I called 110 to the chagrin of many elsewhere. Took a lot of hits and snipes until 110 nymex was hit and it peaked if I remember at 116. Well I've said under 72 will be tough. VERY tough and for reasons other that simple supply demand. So you can hope for your 65 again. I'll stay with my 72 which by the way is no shoe in. On an aside I also had that 36 previous low after crude had peaked and before the collapse of 2008. What's it mean. Although I don't short. THE downside is easier to see with PNF if one is good at it. If you are skilled with Point and Figure take a peek using several value boxes: 3/6/9/12 for the Nymex. You should see what it will be hard to get to that 65 Nymex Oh and lots of good stuff in your post. Thanks. Fintas