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Like a turtle to his balcony...


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  #701 (permalink)
 
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 josh 
Georgia, US
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mongoose View Post
Just a guess maybe how its bouncing lower off the 1st std. dev. ETH vwap.

That's what I was thinking, and that's one way to look at it. But from this perspective, CL is in fact returning to value, if we are considering value as value established last week (using all trading hours to more easily show today's activity so far) :



If you were to scroll further back and look at earlier this year, CL is trading in an area with previously established value and that's another perspective to look at (I just don't have that much data to look at right now so I can't see it at the moment).

So, if the VWAP is a consensus of Sunday's value so far, yes, we are rejecting a running measure of value, but the profile so far shows no agreement on any prices in particular as more or less fair, so CL seems to have searched above last week's fair prices, found few buyers, and quickly rejected those prices, and has returned to a more "comfortable" and fair area--in this perspective, it has returned to value, and is not moving away from it. 96.40 to 96.90 would be a reasonable range for it to find comfortable at this point.

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  #702 (permalink)
 
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 GaryD 
Orlando, Florida
 
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josh View Post
Trying to figure out your read -- value where, and defined how?

Riding the edge of the gray shading. "Immediate Value"

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  #703 (permalink)
 
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 GaryD 
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Wide IB, open drive. I am still on the wagon regarding shorts...

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  #704 (permalink)
 
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 GaryD 
Orlando, Florida
 
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Still minor retracement


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  #705 (permalink)
 
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 GaryD 
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I would feel a lot better if this thing would move a little faster...


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  #706 (permalink)
 
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 GaryD 
Orlando, Florida
 
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dropped net -26, not sure yet


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  #707 (permalink)
 
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 GaryD 
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1 offf


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  #708 (permalink)
 
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 GaryD 
Orlando, Florida
 
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closed, something is wrong with my computer


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  #709 (permalink)
 
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 GaryD 
Orlando, Florida
 
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  #710 (permalink)
 greenr 
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GaryD View Post

LoL

NT is a joke hey



Play a game...who can get the most memory usage out of NT before there PC crashes

P.S iv got white charts now

Im liking the clarity and it seem to be work for me so far today

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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Last Updated on August 5, 2013


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