RE:RE:RE:RE:RE:RE:RE:RE:RE:Mayor If you can't walk and chew gum at the sametime don't blame me, I'll put some grub on a spoon but I won't spoon feed you, seems to be a pattern for you, lazy.
You go back and read my posts:
Called 60 bearish as bull crapp and if you believed it, go all in long.
Indicated my number was below anylast expectations.
Indicated what numbers to focus on, data generators (affects $$$$$$$$$$$) or regurgitated anaylst estimates (affects $) and forget the median number.
Indicated its not just the release number but also the released estimates. (dumb it down for you, they don't have the same time stamps and if the estimate is X and that is deemed loser or tighter the Industry is evaluating that and trading it. Then you have release day and a comparible to expectations), but altimately price action defines if anything technical has been broken on a chart. I don't want to expand to much here because its 10 steps beyond your skill level, just trying to touch the basics for you.
I also gave a bigger picture issue multiple times on storage issue and we need to get tighter, but like options storage walk in period is known, so time becomes a factor eventually, but just not yet as wx still has a chance to help assist in fixing the problem. Which means the market does not need to stay in a down trend till walk in.
I do believe I indicated the sideways trend and populated the price pivots before the trend changed, and said the first time it closed below that number the trend changed, not the second day but the first, and it did. If you can't figure out a trading strategy off those two numbers, then stop trading.
I indicated the system is price action, but also indicated in a down trend one still can go long off the bottom trend line and long when a pivot on the up is broken. What price action took place Thursday? where did the price close Thursday, Friday open (working off memory as the system is not on to view) I believe the closing price Thursday was going to create a pivot cross on Friday open, which is bullish on price action. I'm not going to discuss the methodology in trading the price action on a pivot cross, but common sense is, bearish on break back down and a return back up and over is 2x bullish, for that day. Reverse applies when price action goes the opposite, just better throw that in, for you.
I can ssure you if I populate data here fundamentals or otherwise, its at my fingers tip for supporting data, just SH does not have a platform that allows certain things to populate on the forum.
So when you say -350 draw, I say it has never happened, because it hasn't. But can it ever happen? under current storage facilities. If your mind set is on the right track to the ? then you should also understand why TDD demand at those levels will not track actual draw expectations on a wx adjusted regression (sample is excluding freeze offs that will also come into play, so apples to apples)
You populate your email here and I'll send you a chart that will confirm all my posts on SH per price action. Trend and pivot lines and values are system generated which is dynamic so 100% automated. And no ETF charts are not used, I actually use something called futures lol.
You can write this one down now, 80-88 not happening, or does week over week extra demand send more gas into Manxcan's storage world. Which reminds me, I also indicated that Manxcan's week over week delta error in his model wx adjusted (keep it apples to apples anything else is simply wrong), has not happened for as far back as the data I have (long ways). So what happened last week to this week release coming that made his model go freakishly loose?. What is more amazing is the Industry Friday did not torch the price action on the down knowing this record event of looseness will be revealed next week.
Better say this now so its on the record, memory serves me correct the back fill value that is still in play for the next trading day is about $2, below bad news, holds and the pivot trend break Friday holds. But Mayor will see this when he gets the chart.
I think the real issue is Mayor your lazy and need things spoon fed, so post your email and I'll spoon feed you the chart, (the front end of it, that shows my sideways trend forward postings)
I'll sit back now and just educate myself on the SH wisdom.
As always, have a good one my friend,