interesting, the natural gas chart is even better though. http://stockcharts.com/def/servlet/SC.pnf?c=$NATGAS,p = Bearish price objective: $0.
Bearish price objective: $0, heh. That's a regular chart of the Dow, BTW. However, if you: a) go to stockcharts.com (not spamming, it's the site we're using). b) Look to your left and see the Tools & Charts side tab. c) Select Market Summary Under the Tools category. and scroll down you will see the three different styles of charts they have, with particular emphasis on P&F Charts and P&F Chart tools. The Bullish Percent Chart for Energy is getting close to 30, once it goes below 30 (heavily oversold) there is a high probability of first a small reversal, and then once support comes in (for the TA's), a sustained reversal in the opposite direction. http://stockcharts.com/webcgi/Pnf.asp?S=$BPENER. The Natural Gas Index is experiencing a Triple Bottom Breakdown (uh, plunging) http://stockcharts.com/webcgi/Pnf.asp?S=$XNG. For anyone who is interested, Gold is experiencing a Double Bottom Breakdown http://stockcharts.com/webcgi/Pnf.asp?S=$GOLD , with the Goldman Sachs commodity index experiencing a Long Tail down. In short, these indices are currently experiencing a rout, and until conditions change they should continue to be sold heavily ... and when conditions signal that they have changed, then you should buy them, but not before. *** Ultimtely, we, and no one else, are responisbile for our trading decisions ... period. If I don't believe anything, I most certainly do believe that. Best Regards, Jimmy
I agree, doesn't make sense. If a good trader wants an ego boost, it can be very easily done, print your last few years of statements to PDF and post them up... cover up your account numbers obviously.
None of my biz, but the posts I've read about RM over the years, shows him to be kind of a "shut-in" who rambles around his big house and can't/won't interact with others in public. Hence, the ET gig. Various psychological problems (chemical imbalances, now under control?) plague him. Money will never buy happiness. It can, if handled properly of course, make things easier... Good luck and good trading to all.
I assume you put me in the "clowns" category. That may or may not be true (I do try to post the occasional "humorous" item), but my post was in no way a slam of RM. He has chosen to post intricate details of his life here. That makes me assume he wants/needs commentary and discussion on it. The money-happiness comment was not to suggest RM is not happy with his life, although it may have seemed that way. I don't know RM, so I don't know this. It was just a general comment about life and the struggles we all go through. The question from volente and others was "Why does someone of RM's apparent ability and finances need to post here for affirmation?" I attempted to answer that. Regards to all.
he said already previously he wanted to create a halo effect in all his posts and therefore be taken more seriously. i by no means am sure of his motives but seems to me ths place is important to him and given the amount of time he spend here it constitutes for a large slice of his life.
Yes, most of us are here (IMHO) looking for a certain amount of camaraderie and stimulation. Nothing wrong with that. (except for spammers and sleazy vendors- bastids!) It can be fun and kills some time between more important stuff. Will I still be here when I finally am able to quit the job and trade full time? IOW when I "make" it? PROBABLY!
i bet ya will, i am very comfortable and dont need to work a shift job to make a livin' and i make decent dosh by tradin' altough not my main source of income. this place can be good [and bad] for loners like us, very addictive and tough to stay away from.