Higher high.... Finally we have the breakout of the bull flag. Guys I hope you start to believe me that I know what I'm doing. I've seen and lived through the same thing in 2009 when oil came out of the beartrapped double bottom after the bear market. The difference that I was on the wrong side at that time. I've learnt the lesson very well : Do NOT short the oil bull !
Oil will start to go crazy now. Everybody starts to realize that something is wrong with the fundamental system. The datas are lying. Suddenly everybody wants to be on board with the oil bull. There was no reason to come back below 40$ . Saudis played ou their last card in Doha. That was enough to break down - and not up -from the 1st bull flag.
Mark my words: in 2 weeks we will be above 50$. Our energy stocks (VALE, CLF, LGCY, and maybe REXX, ARP) will start their home run in the following 2 weeks.
评论
Trendhopper
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Once again , awesome analysis from the outset, shows that market sentiment combined with chart analysis is a must, than blindly looking at chart patterns
chartwatchers
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Thanks for the support.
You are righ very much:
Cycles, sentiment, chart patterns, indicators, candlestick patterns. Thes are our weapons in this order.
Trendhopper
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thank you , learning a lot from you
king24253
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I love your analysis !! Man, you know something that I don't !
Really appreciate your effort.
chartwatchers
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Thanks for your support.
AL_G2
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yeah CW is spot on, love the bold predictions aswell, when he says "mark my words" he means it, track records is great. look at LGCY he said if it breaks $1.01 its a buy well its almost $4 now. MRO same thing moving to $15, Oil same thing Gold same, list goes on on & on......
king24253
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I wish I have followed him sooner !! He is gr8 !!!
OilMan
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Purely technical views, I like these very much, as everyone has his first day so as mine, I read these analytical discussion for the first time and enjoyed well. Now I will definitely follow you everyday.
OilMan
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Purely technical views, I like these very much, as everyone has his first day so as mine, I read these analytical discussion for the first time and enjoyed well. Now I will definitely follow you everyday.
cybr
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DO NOT SHORT THE OIL BULL! Nice analysis - you are the man!