StockFetcher Forums · General Discussion · DBC<< 1 2 >>Post Follow-up
miketranz
671 posts
msg #65178
Ignore miketranz
7/18/2008 11:53:06 AM

Is it time to take a position in commodities? Great looking chart,pulling back for an entry......

WALLSTREETGENIUS
983 posts
msg #65179
Ignore WALLSTREETGENIUS
7/18/2008 12:09:56 PM

Mike -

You better wait to see if price closes that open window (gap) on June 5th & 6th. It does look as though price came to a screetching hault, but you better be careful with this one. I personally think there will be consolidation for at least a couple more days. But good call non the less, because there's no way we're gonna hold oil down any further than it is right now.



RIGGS

johnpaulca
10,088 posts
msg #65180
Ignore johnpaulca
7/18/2008 12:14:09 PM

Mike...look where I have drawn circles.

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miketranz
671 posts
msg #65193
Ignore miketranz
7/18/2008 6:08:10 PM

Riggs,good advice.John nice chart,looks like the circles hit the lows right on the money.Where did you come up with this tool????

maxreturn
745 posts
msg #65194
Ignore maxreturn
7/18/2008 6:15:09 PM

Mike, as JP once told me...."ancient chinese secret".

limestar
79 posts
msg #65199
Ignore limestar
7/18/2008 7:47:17 PM

So are you saying I should have bought calls in ACI today?

rtucker
318 posts
msg #65206
Ignore rtucker
modified
7/19/2008 12:07:05 AM

s

johnpaulca
10,088 posts
msg #65210
Ignore johnpaulca
7/19/2008 1:09:28 AM

limestar:

ACI...is still in a downtrend, don't try to guess the bottom or you will lose your money and I am speaking from experience.

WALLSTREETGENIUS
983 posts
msg #65221
Ignore WALLSTREETGENIUS
7/19/2008 9:54:10 AM

limestar:

ACI...is still in a downtrend, don't try to guess the bottom or you will lose your money and I am speaking from experience.
_____________________

Couldn't agree more JP. If you ever want to know when a "downtrend" is finished, just look for the Linear Regression Indicator(20) to fall BELOW price. Looking at (ACI), it's clearly not even close yet. So price WILL continue to fall in this case. Just look at the LRI(20) in every other downtrend with ACI. This indicator should be in EVERY traders toolbox IMO.


RIGGS

limestar
79 posts
msg #65989
Ignore limestar
8/9/2008 1:34:20 AM

I did buy calls then and it was right for the 1 day trade.

StockFetcher Forums · General Discussion · DBC<< 1 2 >>Post Follow-up

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