RE:RE:Oil due for a correction100 % woth you riski.. these chartists find patterns in whatever they want. Basically he is saying, if matkets go up then good if down then good.... finding patterns is bull s'xxx... and the people who say they find patterns are jokers....
riski wrote: You could just as well to go outside tonight and find some vague pattern in the stars to tell you something about the future price of oil......and have about as much success in your predictions as you do trying to find patterns in stock charts.
Cobalt wrote: Anyone want to talk about Oil hitting the upper rail in a well defined channel?
Large correction coming or we break-out and start an even steeper channel.
All the TA out there is for a correction, self-fulfilling?
Very interesting week coming up! , got my finger on the HED 2x bear buy button to hedge / cover short term losses form all the oil names i hold dyodd