Replies to post #1584 on Chelsea Oil and Gas Ltd. (fka COGLF)

[investorpaul]

Yeah, Algorithm short range is at 2001+-5 and 2020+-5. Trading range between 1995-1975+-5

[investorpaul]

If 2001+-5 breaks it will go to 2020 unless Fed minutes throws it off. That's how algos have been trading this index.

[investorpaul]

I subscribe to algo ranges. There is a large short at 2000 ready to dump and another one in que at 2020. If 2000 is broken we can certainly see 2020. Otherwise it's back down to 1975+-5. The next drop is to 1933+-5, then 1901+-5, then 1870+-5. There is a large buy to cover at 1850. This is why when 1996-7 range was just tested it was knocked down and has been trading between 1995-1980(1975+-5) for couple days now.

[investorpaul]

If you follow oil, same algo trading gimmick there. Algo short at 50+-0.50 it just got rejected so it will go back to 47.20+-0.50

[investorpaul]

The next algo for oil if 50 is broken is 56+-0.50