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I don't want you to think I'm ignoring you, but I'm going to have to wait to answer this until later this morning.
Thanks!
Gary
There is a substantial risk of loss in trading commodity futures and options. Past performance is not indicative of future results. The opinions expressed here are those of Gary Fullett, and are not to be taken as a recommendation to buy or sell commodity futures or options. This is for educational purposes only.
Can you help answer these questions from other members on NexusFi?
There is a substantial risk of loss in trading commodity futures and options. Past performance is not indicative of future results. The opinions expressed here are those of Gary Fullett, and are not to be taken as a recommendation to buy or sell commodity futures or options. This is for educational purposes only.
There is a substantial risk of loss in trading commodity futures and options. Past performance is not indicative of future results. The opinions expressed here are those of Gary Fullett, and are not to be taken as a recommendation to buy or sell commodity futures or options. This is for educational purposes only.
I would draw the creek along the 2.08 to 2.10 area based off the high on January 23rd. Also, this stock was an $80 stock, so it is a VERY bearish stock based on all time frames. The high volume rally recently was probably due to some news that forced shorts to cover and spec longs to buy. Although this stock could work higher, this is a poor quality stock. Any stock that trades under $10 is a highly speculative stock. I'm not saying stocks under $10 can't be bullish, but from where this stock came from, it would be extremely difficult for t his stock to perform well. This stock, relative to the overall stock market, shows much weakness. Wyckoff wanted to buy stocks that performed well relative to the market, and this stock obviously hasn't done that. There are better stocks to be long than this one.
Gary
There is a substantial risk of loss in trading commodity futures and options. Past performance is not indicative of future results. The opinions expressed here are those of Gary Fullett, and are not to be taken as a recommendation to buy or sell commodity futures or options. This is for educational purposes only.
Thank you for your analysis. Pretty much confirmed what I was thinking .... I just wanted to make sure because not every creek setup is the same so trying to apply the exact Wyckoff Creek schematic to them can be a bit difficult sometimes.
There is a substantial risk of loss in trading commodity futures and options. Past performance is not indicative of future results. The opinions expressed here are those of Gary Fullett, and are not to be taken as a recommendation to buy or sell commodity futures or options. This is for educational purposes only.