The Major Wildcard That Could Send Oil To $120

Discussion in 'Commodity Futures' started by OddTrader, Jul 13, 2017.

  1. Joe_D

    Joe_D

    More volume on the buy side = subconscious or conscious perception by HERD of good prospects for the future, i.e. optimistic. In the primary trend up this can go on for years, then comes a time when you notice a tapering of volume and one of many topping formations appears on the chart. Topping formations developing = selling volume increasing

    For example in a Head & Shoulders pattern, volume totally vanishes as the right shoulder is being built. Then when the neckline breaks, most often but not always, a torrent of selling volume explodes

    its akin to bringing a massive locomotive to a halt and then reversing course.
     
    #21     Jul 24, 2017
  2. JackRab

    JackRab

    Ignorance is King eh?
     
    #22     Jul 24, 2017
  3. Joe_D

    Joe_D


    Hahahahahaha, I noo it, another one goes female on Joe, manipulate, then drop the hammer! YAWN! I'm impervious to this subterranean hostility

    Nice meeting you, doll :):D:)
     
    #23     Jul 24, 2017
  4. JackRab

    JackRab

    Mate, I'm not hostile... I'm merely trying to educate the unknowing... that being you, since you clearly don't get how economics and the financial markets work....
     
    #24     Jul 24, 2017
    algofy likes this.
  5. Joe_D

    Joe_D


    I can live with that :)
     
    #25     Jul 24, 2017
  6. Joe_D

    Joe_D


    Hey Jack, hypothetical question, would you agree that a fellow who has a higher % and higher $ profit successful trades than you over the last few years, would have a better understanding of how financial or at least the CL market works?
     
    #26     Jul 24, 2017
  7. JackRab

    JackRab

    No... and that right there points out your problem in understanding how markets work....

    "post hoc ergo propter hoc"
     
    #27     Jul 24, 2017