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Hi Norman,
Yes there was a recent break of the median line
(yellow), but I personally define a change in trend as a significant
break of the major support/resistance blue lines (referencing <A
href="http://www.hitech-analytics.com/crude_oil_9.pdf";>http://www.hitech-analytics.com/crude_oil_9.pdf).
The median line (yellow) often serves as support/resistance.
Since prices tend to remain on one side of the median line or the
other, it's a way of me segmenting the channel width (blue to blue) into two
smaller channels (blue to yellow or vice versa). Yes prices recently broke
the defined median line and it has since again served as
resistance.
Do I do cotton?
I just did. See attached. Note the
numerous times this approximate year-long median line served as
support/resistance. Also note this curve has very recently been
violated to the downside, indicating the highly likely start of a new trend. -
Brian
Disclaimer: This message and linked
chart do not represent trading orinvesting advice. There is extreme
risk in trading futures, and the maximumloss is not limited to pledged
margin capital. Consult your professionalfinancial advisor or broker
prior to making any trading/investing
decisions.
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Norman
Winski
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Tuesday, October 09, 2001 9:35
PM
Subject: Re: [RT] Crude Oil downside
targets
Brian,
Looks to me like the Crude Oil price has
significantly broken your line. Am I reading this wrong? Do you do
Cotton? Cotton is trading now at 31 cents, is cheaper than its 1932 low
of 8 cents when adjusted for inflation. Coffee is another interesting
market now trading near its 25 year lows.
Thanks,
Norman
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
BL
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Tuesday, October 09, 2001 8:05
PM
Subject: Re: [RT] Crude Oil downside
targets
Here's a variant of the typical Stealth curve
that I posted to my webpage Oct 3 for Nov Crude (<A
href="http://www.hitech-analytics.com/crude_oil_9.pdf";>http://www.hitech-analytics.com/crude_oil_9.pdf).
I'm showing Stealth support in the general downside area as Dorothy.
Though the support has yet to be sufficiently tested, it appears to be the
only choice at the present. The channel has nice support/resistance
of the Stealth median line which is another means of "testing" the
channel. - Brian
Disclaimer: This message and linked
chart do not represent trading orinvesting advice. There is
extreme risk in trading futures, and the maximumloss is not limited to
pledged margin capital. Consult your professionalfinancial advisor
or broker prior to making any trading/investing
decisions.
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A href="mailto:dorothy.carter@xxxxxxxx";
title=dorothy.carter@xxxxxxxx>Dorothy Carter
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Monday, October 08, 2001 11:32
PM
Subject: [RT] Crude Oil downside
targets
On 9-14 at the 29.91 high - Dec
Crude Oil met 29.14 upside targets given on August 2nd... &
reversed within 3 trading days as typical and gave downside target which
has been met....but has unfulfilled downside targets...
Energy complex futures contracts go off
the board a month early.. so next week is the last week for Nov
crude... so it will be interesting to see if these targets can be
met within the next 9 trading days. New targets :
19.65 19.59 19.18 .. Three targets in same
price area does make them higher confidence targets.... my question is the
narrow time window in order to be met........ Dec Crude
target given right off top 26.58 was met but has following
targets : 20.55 (9-26 low 20.75) 17.90, 16.95
If the war expands to Middle East and
energy source is cut off... the recent
Putin/Bush connection appears to be a
win/win for both countries. Allegedly OPEC has contacted Putin
complaining about Russian cooperation and that the Russian's position is
that they view this as not only a much needed potential economic
opportunity but also an opportunity to improve their relations with
U.S.A. . .. So the 911 tragedy could end up being the
undoing of OPEC brethern.........given weak global economy and
improved Russian/USA relations
<A
href="http://www.quote.com";>http://www.quote.com Nov
Crude CL01X Dec Crude CL01
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Attachment:
Description: "cotton_2.pdf"
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