Comments on: Extreme Divergence and Rounded Reversal in USO US Oil http://blog.afraidtotrade.com/extreme-divergence-and-rounded-reversal-in-uso-us-oil/ 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: AtT Best of 2009 Part 2 « The Trending Monster Links http://blog.afraidtotrade.com/extreme-divergence-and-rounded-reversal-in-uso-us-oil/comment-page-1/#comment-212486 AtT Best of 2009 Part 2 « The Trending Monster Links Tue, 30 Mar 2010 18:46:41 +0000 http://blog.afraidtotrade.com/?p=3656#comment-212486 [...] Extreme Divergence and Rounded Reversal in USO US Oil [...] [...] Extreme Divergence and Rounded Reversal in USO US Oil [...]

]]> By: Corey Rosenbloom http://blog.afraidtotrade.com/extreme-divergence-and-rounded-reversal-in-uso-us-oil/comment-page-1/#comment-180774 Corey Rosenbloom Thu, 12 Feb 2009 04:23:34 +0000 http://blog.afraidtotrade.com/?p=3656#comment-180774 David, I had a conversation with a trader in Orlando who said just that - regarding contango. That the USO actually suffers from contract roll-overs and gets whacked with negative effects. Seems the DXO (Double Long Crude) would be affected worse. David,

I had a conversation with a trader in Orlando who said just that – regarding contango. That the USO actually suffers from contract roll-overs and gets whacked with negative effects. Seems the DXO (Double Long Crude) would be affected worse.

]]> By: Corey Rosenbloom http://blog.afraidtotrade.com/extreme-divergence-and-rounded-reversal-in-uso-us-oil/comment-page-1/#comment-180773 Corey Rosenbloom Thu, 12 Feb 2009 04:21:45 +0000 http://blog.afraidtotrade.com/?p=3656#comment-180773 In strong trends, pretty much all indicators become worthless. RSI, Stochastic, MACD. Only thing that works is the moving averages. Just a lesson to learn in run-away trends. In strong trends, pretty much all indicators become worthless. RSI, Stochastic, MACD. Only thing that works is the moving averages.

Just a lesson to learn in run-away trends.

]]> By: Anonymous http://blog.afraidtotrade.com/extreme-divergence-and-rounded-reversal-in-uso-us-oil/comment-page-1/#comment-180742 Anonymous Thu, 12 Feb 2009 00:21:10 +0000 http://blog.afraidtotrade.com/?p=3656#comment-180742 I draw the opposite conclusion from your graph. The MACD has been "diverging" from price every day since last October. I draw the opposite conclusion from your graph.
The MACD has been “diverging” from price every day since last October.

]]> By: david http://blog.afraidtotrade.com/extreme-divergence-and-rounded-reversal-in-uso-us-oil/comment-page-1/#comment-180733 david Wed, 11 Feb 2009 22:43:23 +0000 http://blog.afraidtotrade.com/?p=3656#comment-180733 Research the effects of Contango on this fund before making investment decions. Research the effects of Contango on this fund before making investment decions.

]]> By: Mr_Baca http://blog.afraidtotrade.com/extreme-divergence-and-rounded-reversal-in-uso-us-oil/comment-page-1/#comment-180732 Mr_Baca Wed, 11 Feb 2009 22:33:37 +0000 http://blog.afraidtotrade.com/?p=3656#comment-180732 United States Oil Fund LP (USO:xase:AMEX) Competitors: XOM:xnys:NYSE Add Competitor Follow Instrument Technical Insight™ Add Alert Event Details for: Descending Continuation Triangle Rate this Event: (0 ratings) A Descending Continuation Triangle is considered a bearish signal, indicating that the current downtrend may continue. The pattern illustrates lows occurring at a constant price level, with highs moving constantly lower. The Technical Event® occurs when the price breaks out of the triangle formation to close below the lower trendline, thereby confirming the pattern. More... Event Date: 10 Feb 2009 Opportunity Type: Short-Term Bearish Close Price: $26.91 Target Price Range: $20.75 - $22.00 Price Period: Daily Volume: 47,391,170 Pattern Duration: 15 days Inbound Trend Duration: 31 days United States Oil Fund LP (USO:xase:AMEX)
Competitors: XOM:xnys:NYSE Add Competitor
Follow Instrument
Technical Insight™
Add Alert

Event Details for: Descending Continuation Triangle Rate this Event: (0 ratings)

A Descending Continuation Triangle is considered a bearish signal, indicating that the current downtrend may continue. The pattern illustrates lows occurring at a constant price level, with highs moving constantly lower. The Technical Event® occurs when the price breaks out of the triangle formation to close below the lower trendline, thereby confirming the pattern. More…
Event Date: 10 Feb 2009
Opportunity Type: Short-Term Bearish
Close Price: $26.91
Target Price Range: $20.75 – $22.00

Price Period: Daily
Volume: 47,391,170
Pattern Duration: 15 days
Inbound Trend Duration: 31 days

]]> By: Anonymous http://blog.afraidtotrade.com/extreme-divergence-and-rounded-reversal-in-uso-us-oil/comment-page-1/#comment-180709 Anonymous Wed, 11 Feb 2009 17:43:11 +0000 http://blog.afraidtotrade.com/?p=3656#comment-180709 going to agree with Dave. trend down so the Macd is insignificant going to agree with Dave. trend down so the Macd is insignificant

]]> By: Corey Rosenbloom http://blog.afraidtotrade.com/extreme-divergence-and-rounded-reversal-in-uso-us-oil/comment-page-1/#comment-180703 Corey Rosenbloom Wed, 11 Feb 2009 16:35:23 +0000 http://blog.afraidtotrade.com/?p=3656#comment-180703 Dave, Right - I've traded so many trend days but rarely come up a timeframe to trade daily charts anymore but it looks similar so I'm pointing it out to see what readers think and if the anti-trend day policy (intraday) also works on daily charts. Should be an interesting real-time experiment we all can follow! Dave,

Right – I’ve traded so many trend days but rarely come up a timeframe to trade daily charts anymore but it looks similar so I’m pointing it out to see what readers think and if the anti-trend day policy (intraday) also works on daily charts.

Should be an interesting real-time experiment we all can follow!

]]> By: DaveB http://blog.afraidtotrade.com/extreme-divergence-and-rounded-reversal-in-uso-us-oil/comment-page-1/#comment-180699 DaveB Wed, 11 Feb 2009 15:47:32 +0000 http://blog.afraidtotrade.com/?p=3656#comment-180699 I've been going with the no oscillators on trend days strategy here. Except this isn't a trend day, maybe it's trend year? ;) I see price continually being rejected at the 20ema, so even though the rate of decline is slowing we're still in a strong trend. I’ve been going with the no oscillators on trend days strategy here. Except this isn’t a trend day, maybe it’s trend year? ;)

I see price continually being rejected at the 20ema, so even though the rate of decline is slowing we’re still in a strong trend.

]]>