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Amazing how long they can hold it in a 1 cent range. Must be some heavy duty types accumulating.
The MM's sure know how to keep this in place.
Finally broke 1.47
Picked up 10,000 shares
I'll wait for the gap to close.
Energy won't be abandoned, it will just be in a different form.
Bought today around at what would have been the double bottom. When that failed, I bailed. Glad I did!
Oil has entered no-man's land. Have to go back to 2008 for a reference point. This will go lower with it.
Double bottom was broken though.
Here's the tuff part. We've run out of naked candles unless we go way back so I don't know.
Just watching those naked candles.
Tough market! I'm still down on DUST 13%.
Almost to the target.
Another glorious day for those who bought in the 1.70's?
Last naked candle is around 28.50. Much below that, and it's going to get even uglier.
Oil tanking again. Looking below 2 is certainly possible.
Depends. The DOW could fall to 13K if shit gets bad enough and drag everything else with it. Amazingly, it would still be in a bull market.
Amazing as many billions these companies generate plus subsidies, they can't survive a downturn.
I've been trying to tell you as has 'Ol Pesky.
Almost. Oil is going lower and this certainly follows it.
7.45 here. NUGT is highly overbought so waiting to see how this goes. You still in?
Post 27690 is what I saw.
Next stop around 28.40
As advertised, that naked candle is covered...and then some. Not good that it fell below it.
Averaging down, eh?
No gaps on the WTI chart either. These long unretraced candles have the same magnetic effect as gaps do.
Picked up DUST right before the bell. NUGT has nearly filled the trough on the 90 day.
Be prepared. It will make your head swim.
Nope, nobody wanted to listen and still more of that nakey candle left to be covered up. This thing headed lower.
99%of the time, those long, empty stretches get retraced
We have a hybrid socialist/capitalist system anyway. Why do you think we get charged 30 bucks for a Tylenol in the hospital?
It's a proposal. Not passed. Fine with me if it does though. Believe it or not, we subsidize these monster companies. Time to get some of that back.
See post 27536. I think it's gonna drop further.
Those long stretches like that rarely go un-retraced.
Just made a decent chunk off the D.
WTI hit resistance.
Should have trusted my first instinct. Bounced right off of 2.64. For now anyway.