nikoschopen
2,824 posts
msg #50803
- Ignore nikoschopen |
4/2/2007 11:33:40 AM
Stopped out @ 93.54
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nikoschopen
2,824 posts
msg #50804
- Ignore nikoschopen |
4/2/2007 11:45:57 AM
The terrain is slowly taking on the shape of a bear territory. Is it time to bring the grim reaper out of the closet?
Short @ 93.52
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nikoschopen
2,824 posts
msg #50805
- Ignore nikoschopen |
4/2/2007 11:47:03 AM
Profit target stands at around 93.27 or thereabout.
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nikoschopen
2,824 posts
msg #50806
- Ignore nikoschopen |
4/2/2007 12:09:56 PM
Hi petrolpeter,
I use 5-min time frame using BB & Kelt superimposed. As for the parameters, I use BB(17) and Kelt(7). I figure seven is a lucky number. LOL
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nikoschopen
2,824 posts
msg #50807
- Ignore nikoschopen |
4/2/2007 12:12:37 PM
Perhaps the latest bearish call was premature. I was initially correct in my assessment in that it went down as low as 93.35, only to retrace back up above where I got in. Now it's slowly coming back down again.
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nikoschopen
2,824 posts
msg #50808
- Ignore nikoschopen |
4/2/2007 12:15:28 PM
Out @ 93.59.
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nikoschopen
2,824 posts
msg #50809
- Ignore nikoschopen |
4/2/2007 12:16:56 PM
Now it looks more like we're in a no-man's land aka trading range.
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nikoschopen
2,824 posts
msg #50812
- Ignore nikoschopen |
4/2/2007 2:42:11 PM
For those who are following my so-called system using the combination of Bollinger bands and Keltner channel, it's worth noting that when the lower Keltner channel pierces below the lower Bollinger band, it usually signals a reversal--although nothing is engraved on stone. This is what I'm seeing on the 5-minute chart, which means there might be a minor upside move in the near future.
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nikoschopen
2,824 posts
msg #50813
- Ignore nikoschopen |
4/2/2007 2:46:35 PM
Plunging in at 93.25, my meager estimate on the next price target stands at 93.40or thereabout.
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nikoschopen
2,824 posts
msg #50814
- Ignore nikoschopen |
4/2/2007 2:55:40 PM
Out at 93.38...although I feel this is a bit early. But we shall see.
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