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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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cat0nip
Germany
Posted Anonymously
13 years ago
Apr 12, 2011 20:38
If you start with oil price at the year of the Lord 1900 you must account for CPI. In terms of the price of not contaminated carrots oil now april 2011 is damn' cheap. It is even cheaper in terms of price of deep freezers. And if you use logarithmic scale it gets more confusing because log(n) for n less 1 becomes negative. You see charts are first of all: confusing.
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Apr 12, 2011 20:20
ok thanks dave..yes that would be a good example but only the top line flaring out..but after looking @ it i just had to draw it differently to get the tops to connect correctly..im looking @ the cco chart for a friend and now it looks like 27.40 might b top of his chanel..so i suggested there could b a good exit for him as previous price action shows decent respect of top trendline..thanks gl:)
DaveO
UK
Posted Anonymously
13 years ago
Apr 12, 2011 20:06
Chloe, dont understand "flaring out". You mean like bellbottom trousers worn in Navy. The trend lines must be dead straight. Are you working your screens too hard, too hot ? :-)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 12, 2011 19:59
today gold reversed at 100% symmetry 1445.8 but the C wave aint lookin finished. 1439.8 needs watching or above 1468.7 spells end of correction likely confirmed.
Gunjack
London, UK
Posts: 1184
13 years ago
Apr 12, 2011 19:37
Guys if your playing CL 105.50-106.7 swing traders paradise wont be here for much longer
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Apr 12, 2011 19:25
hey guys could u explain something to me about drawing t/l...the ends of my top/botton t/line starts to flare out from each other but not much..does this effect it ?thanks:)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 12, 2011 19:18
ah gotcha. No not looking to buy CL yet, see comments below. expecting more downside.
Gunjack
UK
Posted Anonymously
13 years ago
Apr 12, 2011 19:14
Dave on the weekly chart my t/line is from the all time high of July 08 and was broken on March 28th this yr (106.7). Its a downward sloping line and am using that as my simplistic way of determining if we are in for bigger gains or losses

btw are you looking to buy CL?
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 12, 2011 18:14
SPX ?
Nor
Lemberg, Canada
Posts: 249
13 years ago
Apr 12, 2011 18:03
Dave, on daily this could be a leading diagonal.
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