Replies to post #5025 on VelocityShares 3x Inverse Crude Oil ETN (DWT)

[jxyzobrien]

What makes oil hard to trade
Chart was posted in previous post

It trades on inventory news and it sometimes does not finish the wave pattern. Most stocks and spx almost always adhere to simplistic
EW.
In a long pattern you get a daily fake 4 to get traders short
too early. Then a final push up. OIL did not do that this time.
this time.
The last 2 long oil rallies had 4's.

The FEB 4 low had a 4 also. So because oil moves so fast sometimes
you get a phantom wave 4.

USO
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124537006

forming sept classes

[jxyzobrien]

OIL is a crazy girl