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Royal Dutch Shell plc Message Board

  • stockpavilion stockpavilion Jul 24, 2012 11:22 PM Flag

    Ray, this Bud's (chart's) for You

    In the blizzard of charts that confuse the landscape, this was easy to view and thought you might like.

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    • Thanks Pat, I am seeing bearish head and shoulder formation and confirmed bearish by the divergence signal of the bottom indicator showing price rising while the bottom indicators are going lower not following the rising price instead it is going in the opposite direction. A good lesson for folks who want to learn about charts that warns of the coming bear (don't know when, but coming). Bear market use to scare me, but now I can recognize a bear right away. This maybe a time start research on buying a bear inverse ETF and ride the bear down, or study put options from retiredguru, or leap (long term) option if there are any. Since we are short term wave rider, we have no problem getting in and out every pivot.

      Thanks for the chart. Folks!, the bear is coming after election and will last another 2 years before it bottom. My opinion only.

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