MURICO.com Forum

Re: The 60 min charts-----

have a heavy look to them again, since the bounce went right up to the point of negating down momentum and almost negating the sell signal @ 81.35. This is normal action/reaction market static but if my next set of fishing lines @ 79.20 are hit I have my doubts that my first deposit order @ 78.87 will stop the fall. Continues to look like the 78.00 support area from Feb 11th is begging/has been begging for a retest. Deposit order #2 is waiting @ 78.20 but I have to snag something first to be able to make a deposit.

Tomorrow is turn around Tuesday but that's not written in stone but Tuesday's do take a liking to at least an attempt to turn around. Maybe I'm surprised again and my north lines 80.67 get hit, which carry an anxiety sucker look to them until my 2nd set get hit @ 83.97 with an immediate deposit order @ 84.00 on the 1st set to assure I'm not being suckered on the 2nd catch. That's my typical starter Plan A for tomorrows fishing and by mid day the switch to Plan B usually happens.

I think the trade expectations may be a bit impatient for the seasonal pop to happen. This price surge is been climbing for 5 months and with 3 months of potential seasonal climb, it is not uncommon for a breather pause to possibly have May retag the April 72.87 high before we get the 3rd and final move to the seasonal peak------which can happen shortly before or after June becomes front month and then trade a topping sideways pattern into July. Since 2008 there have been several years favoring a SURPRISE SPIKE higher for the Aug contract that quickly opens a new SINK HOLE as quickly as the SPIKE happens. The weekly and monthly charts suggests to me that the BRICK WALL may be at the 83.00 area but a retest of last years 85.12 high cannot be ruled out.

Then there's the weekly chart gap setting at the 86.50 area that has haunted me since last year when I expected it to be filled. Doesn't have to be filled until after we get this years 9 year cycle low(bottom) put in place and then followed by the 1st year of the 9 year cycle impulse wave off the bottom. Here's what I do know-----the market is creative and will find a way surprise, baffle, and make me look stupid in my thought process many times during the year----so I'll just keep on fishing and let the market decide which hallucinations become reality.

Messages In This Thread

The final Purchase Index for - - -
Re: The final Purchase Index for - - -
It looks like the market is going to - - -
Re: It looks like the market is going to - - -
From the noon reports the model - - -
Re: The 60 min charts-----
Re: The 60 min charts-----