Sticks...candlesticks....bars. On your chart what are you mainly watching.....bars that print every minute or every 3 minutes or every 5 minutes, etc.
So far so good rurk.....excellent call. What is your primary stick interval? 1, 5, or 10 min sticks? Thanks
Still liking this long I think. Should go up tomorrow and test today's HOD at 15.09. It doesn't seem to want to give any thing up. I would like to see it close above the range.....14.68.
It's been beaten like a dead horse so I suppose it's possible they may be rotating into this.
Contrary to Goldman's (talking their book out the front door and buying in the back office) policy, there is this from Bloomberg, Dec 1, 2013:
Signs of a rebound in global growth and gains in developing economies will support demand for raw materials, analysts at Societe Generale SA led by Michael Haigh, the head of commodities research in New York, said in a report Nov. 26. Investors have become “excessively pessimistic” on industrial metals because prices are below output costs for some producers, the bank said.
The world economy may expand 2.8 percent next year, the most since 2011, according to the economist estimates compiled by Bloomberg.
U.S. building permits rose in October to the highest since June 2008, Commerce Department figures released Nov. 26 showed. Four of five investors expect the Federal Reserve to delay a decision to taper stimulus until March or later, according to the latest Bloomberg Global Poll. The U.S. is the world’s biggest consumer of crude oil, and American builders put about 430 pounds (195 kilograms) of copper into the average home.
“There’s less fear about the global economy moving into 2014, and what that does is makes you more positive on commodity demand,” said Catherine Raw, the London-based manager of the BlackRock Commodity Strategies Fund. “The market outlook is one in which commodity prices are more stable and less likely to go down given that better demand environment.”
I shorted it twice on the way down from 19. Now it is at support and the time for shorting is over. Don't forget to cover on Monday....you don't want to be caught short anything on Tuesday, it is a double POMO day.......the Fed is monetizing twice the normal amount.....the banks will be looking for bargains and this was marked down on shrinking volume, without building any prior cause.....don't believe everything you read on the internet....it was a set up.....get it?
I don't see the point of you're attempting to turn the tables. I mean its real obvious to most everyone that the other coals are correcting just like WLT. I guess we're all idiots and you're an effing genious Gump.
RU a numbskull, a liar, or both? They have all corrected together and setting up for the next leg higher.
In December the Fed desk permanent open market operations, POMO's, involve outright treasury coupon purchases every day in the first 2 weeks of December and then on the 13th, 16th, 17th, 19th, 20th, and 23rd....newyorkfed dot org.