NYMEX(Head & Shoulders formation). On my daily
chart it appears that NYMEX has completed the head and
is now starting to form the right
Typical Action: The H&S top formation is one of the most
common and most reliable chart patterns. The left
shoulder is typically formed at the end of an extensive
advance (true for NYMEX) After prices drop from the peak
of the left shoulder, they rally to a new high and
then decline to near the low of the left shoulder to
form the head part of the head and shoulders pattern.
A final advance to a peak lower than that of head
followed by a decline forms the right shoulder and
completes the chart pattern. A neckline can be drawn across
the bottom of the left shoulder, head and right
shoulder. When the neckine is broken you receive a
confirmation of reversal of trend. After moving lower, it is
not uncommon for prices to pullback to the neckline
before continuing their descent. What does all this
mean? All I can say if the pattern behaves like that
described above I would expect PKD to mirror the pattern. I
am posting this ahead of time to alert those
interested to the possible behavior of NYMEX and PKD. It may
not come to pass but at least you won't be caught
napping if it does happen. Stay alert, watch NYMEX and
how PKD reacts to it. Good luck to all.
Oxy, six times could be interpreted as a bearish
sign (more than twice ave. volume), while contrarians
would interpret it as a bullish sign (more shares to
cover), 4% of the shares shorted where covered that month
that could be a positive trend.
Intertech, shorts covered 82% of their shares from April to
May, more positive now (very few shares short)less
than a third the normal average volume of 36,500,
caution read news, to try to make sence of what the raw
data is trying to tell us.
Thank you for your insight but I have another
question perhaps you might clarify and what it might
possibly be implying. I will use the following as
May 14 ** April 15 ** %Chg ** ADV
Petroleum - 6,273,115..6,550,023.. -4..
Commercial Intertech Cp - 12,030 .. 66,548.. -82..
In example one OccPet short interest is
approximately six times that of average daily volume. What are
the technical implications of this ratio?
the second example short interest is approximately
one-fourth of average daily volume. What are the technical
implications of this situation?
Insight would be
appreciated manboking or anyone else who understands this.
Anybody got any opinions on extended trading
hours? Looks like
Nasdaq is strongly considering it,
which will force NYSE to go along. I could care less,
in most ways, but at same time am finding it
interesting proposition. I'm going to bed!!! T34 B
Couldn't make it to bed yet, after reading your
last about the
Sunday Social in Evergreen. I hate
to admit it, but years ago that Blue Suit Fraternity
used to have some "pretty good sticks"
in that Ft. Walton, Panama City country. Have
tell (Never saw it myself, mind you) some of those old
were glad to get shed of those Bus
Driver's after a "friendly little bounce". Just getting
your "nose on" those guys was like
up a wildcat's ass with a hot awl. T34 B
Never made it down south to the Saigon area. My
brother was stationed at Phan Rang and I got a chance to
visit him. A Philippino Band was playing in the club,
and shut down for the night. About the time they got
off the stage, a "spook" unit from
82nd AB came
in, insisting the band strike up again. These
had never checked their arms, in fact still had
off. Let me tell you friend, the
Phillipinos lit a shuck for the
stage and commenced to
blow and strum. At 3 am, the AP's escorted
out, and they told me the next day that a good time
had by all.
I never used the Nicorette (sp)
gum. Have been using the Wrigley's Double Mint. Gives
me plenty of lock jaw without a high. Believe it or
not, I understand about the beef deal also. I
eat a lot of it, but stay mainly with the tough cuts
are lean. (Round in particular) Broiled, it's
still pretty good.
I eat grass fed beef. It's
naturally lean, but has a taste all it's own. The wife
won't touch it.
Steve, you must have got into NE
about the same time I did. It and PKD are a whatsome
right now. Man it's almost 2AM my time. I
dreaming about Mefag. Woke up in a cold sweat, to check &
make sure the little shit is still alive! I've gotten
E-mails tonite, from people trying to figure out a way to
get next to this little feller. My luck, anything bad
happens to this
jerk, the Federales will be on my door
step.Better yet, Mefag, just get back in the closet. T34 B
Which occures on the third weekend in October in
Evergreen AL. Be There or be Square, (Southern for You are
Invited), bein' since this event has some modicum of
respectibility. This shindig it is known as the EAA SERFI flyin.
I B a sponsor of considerable responsibility
regardin' this party (Gawd Help Them All... Im' in charge
Air Farce types are not
only tolerated, but enjoyed. Crowd ovem' comes up from
Ft Walton FL every year. Your schanigans sounds like
some of the fuckups we pulled on the runway in golf
carts about midnight last year after we outta' have
closed the bar.
Basicly our little party is what
Lakeland was 10 or 12 years ago and Oskosh was 25 years