


Dear Readers, So as the song says, how many ways to skin the cat (or please the lover?). Well, it all depends on the CAT and the TOOLS one has to skin the cat with. Right?. Ok, Ok, so let us go back and see the Pressure Charts became wishy-washy on us, the summation chart lost the direction, but hey look at the SP500-Oscillator, it is sane and it still says the same, what Pressure charts said couple days ago, there is no real way to sell this market yet, cause the YELLOW is refusing to take a hard dive, same with GOLD YELLOW does not want to go down. Do you listen to the markets? Sometimes we do not. I did not yesterday when trying to sell QID and today I do not go out for coffee, no money left... Yes, Oscillator was saying that BROKERS were strong(with 9 languages I could not translate that into B(uffet) B(buy) B(ear), shame on me), remember that? See the weekend GROUPSTRENGTH Excel table... You see if we listen, it is there, if we do not we will lose. But sometimes losing is fun, we must remember how it feels right? OK, really I think it is really incredible that we have so many ways of looking at markets and something always makes more sense than the other. GO WITH IT DUMMY Me, of course. Another day to have fun in our SOPITALIST NATIONAL CASINO, just remember keep giving.
Energy, We had a weak sell ( RED oscillator did not join other two down). We need the real line up for final nail in the energy coffin.
$bottomed(temporarily. BUCK STOPS HERE) Yesterday, SWISSY topped exactly at our 1.16.50 and Brutish Pound also. Today it is EURO turn to top, uless 1.4191 ( strongly resistance projected for today between 1.4191-1.4195) is aceeded that is it.
Good Trading ( from now this will change to Keep Giving )
Good Trading ( from now this will change to Keep Giving )
5 comments:
Boris,
sitting here waiting for the next bus
Old John
Dear John,
Glad to hear from my Dear Friend.
Every day...
GOod Trading
G'day Boris. Looks like yen might be resisting instructions...
Do you have a view on where oil is headed from here?
Regards
Malcolm
Dear Malcolm,
I think instructions on YEN are "STEADY" that is actually more than good. That is wonderful for speculators.
Looking up the Energy.
GOod Trading
XLE(@ 74.53).
76.62 high this month and strong resistance. 4th annual 77.77 ( how about that) dynamite of resistance.
OIH(@190.63).
196.50 high this month and strong resistance. 4th annual 202-203 Dynamite of resistance
OII ( @72.94).
75.77 high this month and 5h annual , there is nowhere but the 7th haven to go from here.
XOI(@1445.98)
1523 high and imporant resistance with monthly exhaustion bar(AUGUST). Next Cluster of unemaginablyu strong resistance lies at 1600. Not sure we can get there...
Also I am going to post ENERGY OSCILLATOR for Readers to see.
GOod Trading
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