Thursday we had CL big spike midday on on Particular NEWS . In the hindsight here is my guess , the big OIL Hedge traders got some preliminary data of Friday 'Consumer Sales' Data Thursday itself , I guess that could be that spike on midday Thursday .. As we saw good Consumer Sales data on Friday ----------- 10-13-11 10:52 AM Quote from hetanos: Hi guys. Anything special happened at 13:28-13:31? It moved up 150+ points in 3 minutes. no news I can see
How predictable, more final appearances than Cher. I see we're back to talking guru with the textbook stuff: buying breakouts, "impossible to know" what the market will do (but trade it anyway), the why of the movements (uneducated guessing, speculation on news etc). Here is the bottom line: the "why" does not matter, it is only the how. Seven thousand posts tells us all we need to know. If I had to guess, you've been quiet trading for a few months but have blown up again and are back here to feed your gigantic ego. Folks, not that difficult to regurgitate textbook stuff is it, but if it worked everyone would be making money in the market which is of course impossible. Forget listening to gurus in desperate need of adulation from those who know even less than they do, and find your own path. On a related point, it isn't very logical to come on here and ask the "reason" the market moved or anything to do with "news". And trendlines / moving averages? Please. Think about it. Hey, its a free world. If you want to spend time here doing what you do, fine. It is up to others if they listen to you - a bit of self responsibility would be welcome - however you lead others on a dangerous path by having them follow you instead of following themselves.