Replies to post #135945 on ajtj99's Market Pulse

[steveftw]

AJ - Thanks for your input.

I'm showing some of the oil service companies - like NOV - having completed a Wave 4, 1st leg down on 5, and a backtest of the broken consolidation.

See the chart:

[442 oldsman]

thanks for the update. I locked in for Tuesday delivery at $1.709 per gal 87 oct.

regards, oldsman

[Ariel-ubt]

Yes, was thinking $wtic hit probable C=A level under $53, so was also thinking the 80's would be realistic next. I'll check the Fib's when I can ... your 65 seems a good realistic and conservative objective at least for an initial move up.

I'm still using DXO in addition to USO ... but, anyone think that using this ETN is too risky compared to an ETF? I do like the double/ultra move of it but its underlying note aspect does give me some pause.

[astroguy]

ajtj...you think today's consolidation looking good for the next leg higher on OIL? retraced quite sharply today...thnx