Comments on: An October 15 Update on the Exxon Mobil XOM Triangle http://blog.afraidtotrade.com/an-october-15-update-on-the-exxon-mobil-xom-triangle/ Helping traders overcome fears and emotions in trading Thu, 09 Feb 2012 14:53:15 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Update on Exxon Mobil XOM Support Break Jan 28 | Penny Stock Trading System Blog http://blog.afraidtotrade.com/an-october-15-update-on-the-exxon-mobil-xom-triangle/comment-page-1/#comment-211996 Update on Exxon Mobil XOM Support Break Jan 28 | Penny Stock Trading System Blog Sat, 30 Jan 2010 21:39:04 +0000 http://blog.afraidtotrade.com/?p=4771#comment-211996 [...] October 15, 2009:   Update on the Triangle in Exxon-Mobil [...] [...] October 15, 2009:   Update on the Triangle in Exxon-Mobil [...]

]]> By: Technician’s Edge: Quick Look at Levels to Watch in XOM GOOG and AAPL | Penny Stock Trading System Blog http://blog.afraidtotrade.com/an-october-15-update-on-the-exxon-mobil-xom-triangle/comment-page-1/#comment-211646 Technician’s Edge: Quick Look at Levels to Watch in XOM GOOG and AAPL | Penny Stock Trading System Blog Sat, 19 Dec 2009 03:14:48 +0000 http://blog.afraidtotrade.com/?p=4771#comment-211646 [...] I mentioned that a logical target would be the $75 level, which was slightly exceeded with a negative momentum divergence, marking a 2009 high into the close of the year with a minimum bullish target successfully hit.  See the prior post “An October 15th Update on the Triangle in XOM.” [...] [...] I mentioned that a logical target would be the $75 level, which was slightly exceeded with a negative momentum divergence, marking a 2009 high into the close of the year with a minimum bullish target successfully hit.  See the prior post “An October 15th Update on the Triangle in XOM.” [...]

]]> By: Technician's Edge: Quick Look at Levels to Watch in XOM GOOG and AAPL | Afraid to Trade.com Blog http://blog.afraidtotrade.com/an-october-15-update-on-the-exxon-mobil-xom-triangle/comment-page-1/#comment-211643 Technician's Edge: Quick Look at Levels to Watch in XOM GOOG and AAPL | Afraid to Trade.com Blog Fri, 18 Dec 2009 19:34:39 +0000 http://blog.afraidtotrade.com/?p=4771#comment-211643 [...] I mentioned that a logical target would be the $75 level, which was slightly exceeded with a negative momentum divergence, marking a 2009 high into the close of the year with a minimum bullish target successfully hit.  See the prior post “An October 15th Update on the Triangle in XOM.” [...] [...] I mentioned that a logical target would be the $75 level, which was slightly exceeded with a negative momentum divergence, marking a 2009 high into the close of the year with a minimum bullish target successfully hit.  See the prior post “An October 15th Update on the Triangle in XOM.” [...]

]]> By: Moolah Street http://blog.afraidtotrade.com/an-october-15-update-on-the-exxon-mobil-xom-triangle/comment-page-1/#comment-212903 Moolah Street Mon, 19 Oct 2009 04:29:57 +0000 http://blog.afraidtotrade.com/?p=4771#comment-212903 Corey can you please tell me if there is a triangle forming in Citigroup as well?<br>thanks for amazing analyiseszzz :) Corey can you please tell me if there is a triangle forming in Citigroup as well?
thanks for amazing analyiseszzz :)

]]> By: Moolah Street http://blog.afraidtotrade.com/an-october-15-update-on-the-exxon-mobil-xom-triangle/comment-page-1/#comment-210761 Moolah Street Sun, 18 Oct 2009 23:29:57 +0000 http://blog.afraidtotrade.com/?p=4771#comment-210761 Corey can you please tell me if there is a triangle forming in Citigroup as well?<br>thanks for amazing analyiseszzz :) Corey can you please tell me if there is a triangle forming in Citigroup as well?
thanks for amazing analyiseszzz :)

]]> By: Name http://blog.afraidtotrade.com/an-october-15-update-on-the-exxon-mobil-xom-triangle/comment-page-1/#comment-210730 Name Thu, 15 Oct 2009 22:29:47 +0000 http://blog.afraidtotrade.com/?p=4771#comment-210730 I have XOM slated to hit 74.50, 74.78 maximum, then reverse or severe consolidation. Within the triangle apex is a zig zag. If you take the length of the 2nd highest peak in the triangle and couple it to the lowest point before breakout you get 74.50. That point aligns with an upward channel resistance line and near peak triangle resistance. <br>The pattern is a bottom triangle. It's going up as prescribed, but won't go as high as people think as the US dollar finishes its 5 corrective waves down. Just a hair and a scratch left to go before it reverses and breaks the channel resistance dating back to March. <br>Marc I have XOM slated to hit 74.50, 74.78 maximum, then reverse or severe consolidation. Within the triangle apex is a zig zag. If you take the length of the 2nd highest peak in the triangle and couple it to the lowest point before breakout you get 74.50. That point aligns with an upward channel resistance line and near peak triangle resistance.
The pattern is a bottom triangle. It's going up as prescribed, but won't go as high as people think as the US dollar finishes its 5 corrective waves down. Just a hair and a scratch left to go before it reverses and breaks the channel resistance dating back to March.
Marc

]]> By: Corey Rosenbloom, CMT http://blog.afraidtotrade.com/an-october-15-update-on-the-exxon-mobil-xom-triangle/comment-page-1/#comment-210726 Corey Rosenbloom, CMT Thu, 15 Oct 2009 17:30:37 +0000 http://blog.afraidtotrade.com/?p=4771#comment-210726 Thanks Dan!<br><br>True, XOM and Oil are closely related currently, so watching both is helpful.<br><br>This is indeed for the swing traders and intraday traders with quick reflexes for sure. Thanks Dan!

True, XOM and Oil are closely related currently, so watching both is helpful.

This is indeed for the swing traders and intraday traders with quick reflexes for sure.

]]> By: Corey Rosenbloom, CMT http://blog.afraidtotrade.com/an-october-15-update-on-the-exxon-mobil-xom-triangle/comment-page-1/#comment-210725 Corey Rosenbloom, CMT Thu, 15 Oct 2009 17:29:30 +0000 http://blog.afraidtotrade.com/?p=4771#comment-210725 Volume has been much reduced across the board.<br><br>True, XOM's break comes on less relative volume which is not what the bulls would expect.<br><br>That's why we have to watch it closely to see if it devolves into a bull trap. Volume has been much reduced across the board.

True, XOM's break comes on less relative volume which is not what the bulls would expect.

That's why we have to watch it closely to see if it devolves into a bull trap.

]]> By: xcss http://blog.afraidtotrade.com/an-october-15-update-on-the-exxon-mobil-xom-triangle/comment-page-1/#comment-210724 xcss Thu, 15 Oct 2009 17:11:24 +0000 http://blog.afraidtotrade.com/?p=4771#comment-210724 No volume ? No volume ?

]]> By: Dan de Man http://blog.afraidtotrade.com/an-october-15-update-on-the-exxon-mobil-xom-triangle/comment-page-1/#comment-210723 Dan de Man Thu, 15 Oct 2009 16:35:59 +0000 http://blog.afraidtotrade.com/?p=4771#comment-210723 As usual, great article Corey! Thank you. Looks like XOM Is following oil very closely and oil looks a little short term overbought. Might have to wait for a little pullback for an entry on XOM.<br><br>You could be very right that this is a bull trap. Looks like a job for a swing trader.<br><br>Cheers,<br>Dan As usual, great article Corey! Thank you. Looks like XOM Is following oil very closely and oil looks a little short term overbought. Might have to wait for a little pullback for an entry on XOM.

You could be very right that this is a bull trap. Looks like a job for a swing trader.

Cheers,
Dan

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