TA is hocus Pocus. Credible analysts pay it no mind. There are a couple indicators, but things like wave theory and doji this and that are terms invented by people to sell books and how to seminars for the gullible.
I'm holding onto my uwti investment. It will reverse split eventually, I got in pretty low, near 1.10. It would however take a war or serious problem in the middle east or elsewhere to see oil shoot up again. Remember this though, unexpected events can and do occur when you least expect it. I can bide my time for oil to go up again and get out with a decent profit.
My friend works as a janitor at SNY headquarters. He was cleaning the men's room stalls when a couple marketing execs walked in. They were upset because sales were terrible. before they left one mentioned Man's headquarters were in his hindquarters.
unless you work for a hedge fund or have expensive trading and analysis tools you simply don't know. just ride out the lows and wait for a nice uptick. Gotta watch this one every day.
TA is voodoo garbage for the most part. Massive geopolitical / economic events have far more impact than any wave theory or double doji pattern. These esoteric terms are dreamed up by people out to sell investment seminars and books.
Bought this at 220, thought oil was going to 20 dollars. Put everything I had into it, and took out a loan against the house. Down over 1/2 now and wife is threatening to leave me. Any suggestions ?
I spoke to Al Mann the other day and he said something about a planned sale and to buy hand over fist because a bunch of new shares are about to hit the market.