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Like a turtle to his balcony...


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  #1131 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

This will be CL's 3rd attempt to break the W4 resistance, and should price take out 89.44 I would expect continuation to the upside, with 90.10-90.50 and 91.80-92.25 as targets.

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  #1132 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
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Posts: 6,462 since May 2011

But until that happens I am leaning to the short side.

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  #1133 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
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Posts: 6,462 since May 2011



josh View Post
I like your chart Gary. Just to be clear, in this case gap and excess are also areas of minus development. A good thing to know might be, what is the controlling price above (above the 91s, 92s, etc., off the top of your chart there)? Said another way, if the market breaks the control of whatever price you have determined to be the controlling price (looks like about 88.25), what controlling price might the market be attracted to above (or below)? I really prefer Steidlmayer's take, more so than Dalton's, which I think you have said before too.


Yeah, I am just getting it on the chart but read them all the same in regards to minus development. I am still using wave structure for targets, slowly mixing in the value. In this case 90.50 and 92.25.

Have not messed with it enough to prefer one guy over the other, both are better than I am.

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  #1134 (permalink)
 
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 GaryD 
Orlando, Florida
 
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Posts: 6,462 since May 2011

What I am watching as of 4-22-13


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  #1135 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


josh View Post
I really prefer Steidlmayer's take, more so than Dalton's, which I think you have said before too.


Actually, I have gotten lazy about finishing Dalton's books. I am working on it, but lost some momentum. Fell asleep again yesterday while trying to read. But I have flipped through both books, and am about 100 pages into each of them, both layed out on my desk begging for attention.

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  #1136 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
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Posts: 6,462 since May 2011

Price is less than 10 cents from changing my strategy for the day lol!

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  #1137 (permalink)
 
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 GaryD 
Orlando, Florida
 
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Respecting the low side of weekly value...

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  #1138 (permalink)
 
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 GaryD 
Orlando, Florida
 
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RTH price was contained by last week's value.

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  #1139 (permalink)
 
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 GaryD 
Orlando, Florida
 
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Platform: shoes
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Still fighting to escape the W4 zone...

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  #1140 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
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Posts: 6,462 since May 2011






And failing again. One of the things tricky about crude oil, is it can test an area until it convinces you it won't hold.

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Last Updated on August 5, 2013


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