Comments on: Rounded Reversal in Crude Oil http://blog.afraidtotrade.com/rounded-reversal-in-crude-oil/ Helping traders overcome fears and emotions in trading Thu, 09 Feb 2012 12:53:25 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Year to Date Elliott and Momentum Look at the Dollar and Euro Indexes | Penny Stock Trading System Blog http://blog.afraidtotrade.com/rounded-reversal-in-crude-oil/comment-page-1/#comment-211676 Year to Date Elliott and Momentum Look at the Dollar and Euro Indexes | Penny Stock Trading System Blog Sun, 20 Dec 2009 10:18:14 +0000 http://blog.afraidtotrade.com/?p=3641#comment-211676 [...] February 3, 2009: Rounded Reversal in Crude Oil [...] [...] February 3, 2009: Rounded Reversal in Crude Oil [...]

]]> By: Year to Date Elliott and Momentum Look at the Dollar and Euro Indexes | Afraid to Trade.com Blog http://blog.afraidtotrade.com/rounded-reversal-in-crude-oil/comment-page-1/#comment-211668 Year to Date Elliott and Momentum Look at the Dollar and Euro Indexes | Afraid to Trade.com Blog Sat, 19 Dec 2009 23:41:05 +0000 http://blog.afraidtotrade.com/?p=3641#comment-211668 [...] February 3, 2009: Rounded Reversal in Crude Oil [...] [...] February 3, 2009: Rounded Reversal in Crude Oil [...]

]]> By: UNG Natural Gas Update for November 7 | Penny Stock Trading System Blog http://blog.afraidtotrade.com/rounded-reversal-in-crude-oil/comment-page-1/#comment-211190 UNG Natural Gas Update for November 7 | Penny Stock Trading System Blog Sun, 08 Nov 2009 22:32:09 +0000 http://blog.afraidtotrade.com/?p=3641#comment-211190 [...] February 3, 2009:  Rounded Reversal Taking Shape in Crude Oil [...] [...] February 3, 2009:  Rounded Reversal Taking Shape in Crude Oil [...]

]]> By: UNG Natural Gas Update for November 7 | Afraid to Trade.com Blog http://blog.afraidtotrade.com/rounded-reversal-in-crude-oil/comment-page-1/#comment-211184 UNG Natural Gas Update for November 7 | Afraid to Trade.com Blog Sun, 08 Nov 2009 03:35:06 +0000 http://blog.afraidtotrade.com/?p=3641#comment-211184 [...] February 3, 2009:  Rounded Reversal Taking Shape in Crude Oil [...] [...] February 3, 2009:  Rounded Reversal Taking Shape in Crude Oil [...]

]]> By: Keep Your Eye on the Volume Surge in the UUP Dollar ETF | Penny Stock Trading System Blog http://blog.afraidtotrade.com/rounded-reversal-in-crude-oil/comment-page-1/#comment-210990 Keep Your Eye on the Volume Surge in the UUP Dollar ETF | Penny Stock Trading System Blog Thu, 29 Oct 2009 16:17:47 +0000 http://blog.afraidtotrade.com/?p=3641#comment-210990 [...] “Rounded Reversal in Crude Oil.” [...] [...] “Rounded Reversal in Crude Oil.” [...]

]]> By: Keep Your Eye on the Volume Surge in the UUP Dollar ETF | Afraid to Trade.com Blog http://blog.afraidtotrade.com/rounded-reversal-in-crude-oil/comment-page-1/#comment-210959 Keep Your Eye on the Volume Surge in the UUP Dollar ETF | Afraid to Trade.com Blog Wed, 28 Oct 2009 23:06:30 +0000 http://blog.afraidtotrade.com/?p=3641#comment-210959 [...] “Rounded Reversal in Crude Oil.” [...] [...] “Rounded Reversal in Crude Oil.” [...]

]]> By: Weekly and Daily Look at Crude Oil May 28 | Afraid to Trade.com Blog http://blog.afraidtotrade.com/rounded-reversal-in-crude-oil/comment-page-1/#comment-209401 Weekly and Daily Look at Crude Oil May 28 | Afraid to Trade.com Blog Fri, 29 May 2009 03:17:30 +0000 http://blog.afraidtotrade.com/?p=3641#comment-209401 [...] remember taking heat from people when I was pointing out the bullish “rounded reversal” and multiple swing positive divergences back in early February.  I took a “Long-Term View of Crude Oil” in early March as well [...] [...] remember taking heat from people when I was pointing out the bullish “rounded reversal” and multiple swing positive divergences back in early February.  I took a “Long-Term View of Crude Oil” in early March as well [...]

]]> By: Anonymous http://blog.afraidtotrade.com/rounded-reversal-in-crude-oil/comment-page-1/#comment-179390 Anonymous Wed, 04 Feb 2009 18:36:38 +0000 http://blog.afraidtotrade.com/?p=3641#comment-179390 Corey, With regards to the possible rounded reversal, what do you think of the fact that oil made 3 lower highs recently, $52.95, $50.47 and $48.59 with $40 acting as support each time. It seems to be knocking on the door for a move down to retest the $35.00 area. Do you still think the odds favor the bulls? thanks, Dan Martin Corey,
With regards to the possible rounded reversal, what do you think of the fact that oil made 3 lower highs recently, $52.95, $50.47 and $48.59 with $40 acting as support each time. It seems to be knocking on the door for a move down to retest the $35.00 area. Do you still think the odds favor the bulls?
thanks,
Dan Martin

]]> By: DaveB http://blog.afraidtotrade.com/rounded-reversal-in-crude-oil/comment-page-1/#comment-179272 DaveB Wed, 04 Feb 2009 05:24:45 +0000 http://blog.afraidtotrade.com/?p=3641#comment-179272 I've been keeping tabs on oil every day and I see the same things. WTIC has been holding the $40 level. I thought we it was set to rally a couple of weeks ago but that breakout fizzled out quickly, falling short of the 50ema. I've also been watching the uranium market. Stocks like DNN had violent rallies back at the start of the year. I was hoping to see DNN and URRE find support at their ema's and have a 20/50 crossover but it doesn't seem to be happening. What's your take on these? I’ve been keeping tabs on oil every day and I see the same things. WTIC has been holding the $40 level. I thought we it was set to rally a couple of weeks ago but that breakout fizzled out quickly, falling short of the 50ema.

I’ve also been watching the uranium market. Stocks like DNN had violent rallies back at the start of the year. I was hoping to see DNN and URRE find support at their ema’s and have a 20/50 crossover but it doesn’t seem to be happening. What’s your take on these?

]]> By: Corey Rosenbloom http://blog.afraidtotrade.com/rounded-reversal-in-crude-oil/comment-page-1/#comment-179215 Corey Rosenbloom Tue, 03 Feb 2009 22:57:03 +0000 http://blog.afraidtotrade.com/?p=3641#comment-179215 RK, There's a very valid argument that we are indeed forming an Inverse H&S Pattern specifically in the S&P and other US Equity Indexes. If so, that's a bullish reversal pattern that could - in theory - mark the bottom of the market, or at least set the stage for a decent sized counter-rally. I'll believe it when I see it, but there's just too much else going on that a single chart pattern is unlikely to overrule all the other structures, but hey it's also a bad idea to rule anything out in the market (remember, the market can do anything a la Mark Douglas). RK,

There’s a very valid argument that we are indeed forming an Inverse H&S Pattern specifically in the S&P and other US Equity Indexes. If so, that’s a bullish reversal pattern that could – in theory – mark the bottom of the market, or at least set the stage for a decent sized counter-rally.

I’ll believe it when I see it, but there’s just too much else going on that a single chart pattern is unlikely to overrule all the other structures, but hey it’s also a bad idea to rule anything out in the market (remember, the market can do anything a la Mark Douglas).

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