MrHankydoesWallStreet Posted October 31, 2004 Report Share Posted October 31, 2004 Decided to start this up if anybody is interested: I pattern traded into the OIH, posted past charts where I got in late last year and already riding on the backs of the energy big boys. The FCS system should pull out nice gains as the trend strengthens (just my LT opinion)! We are entering a golden energy age and with GW in another 4 years you can count on all out political and military efforts to insure huge profits for the U.S. corporate energy interests, coincidentally his largest campaign contributors. Looking for a test @ 75 OR FCS buy signal to add one more chunk of them: Link to comment Share on other sites More sharing options...
MrHankydoesWallStreet Posted November 7, 2004 Author Report Share Posted November 7, 2004 Volatility quiet zone...get ready for action! Must get above the MAPS before I can get bullish again see if this impending move gets it started...don't like the fact there are no bullish divergences to be found Link to comment Share on other sites More sharing options...
MrHankydoesWallStreet Posted November 10, 2004 Author Report Share Posted November 10, 2004 Got the move out of NR down but now this is starting to look good with bullish divergences and retest of .50 on lower volume. Enter or wait for confirmation and jump in. Stops could be close or far but two obvious levels depending on how much you want to risk and wiggle room but this is the first promising op to enter since this pull-back started. Link to comment Share on other sites More sharing options...
MrHankydoesWallStreet Posted November 13, 2004 Author Report Share Posted November 13, 2004 Another very nice pattern entry on the OIH once again. This time I did add my final (over) allocation Link to comment Share on other sites More sharing options...
MrHankydoesWallStreet Posted November 13, 2004 Author Report Share Posted November 13, 2004 The bigger picture. My knuckles are getting sore from pounding on this one. But anyone who does not have exposure to the oil service sector or is looking to add better act NOW Long pattern set-ups simply do not get any better than this I am sure the FCS will be giving a buy next week too but I didn't wait nor should you! Link to comment Share on other sites More sharing options...
MrHankydoesWallStreet Posted November 19, 2004 Author Report Share Posted November 19, 2004 Maybe time to look for a few drillers. Here are some nice set-ups. XTO = catch the break out of this beautiful coil! Bias to the upside and great place to try add for LT hold but could be a nice swing short if it breaks down. Link to comment Share on other sites More sharing options...
MrHankydoesWallStreet Posted November 19, 2004 Author Report Share Posted November 19, 2004 CHK = ascending wedge, again try to catch the break, should be up, if down I would only ST short with this sectors overall strength! XOM and BP also forming ascending wedges. Link to comment Share on other sites More sharing options...
MrHankydoesWallStreet Posted November 19, 2004 Author Report Share Posted November 19, 2004 GW = Bull Flag at major support Link to comment Share on other sites More sharing options...
MrHankydoesWallStreet Posted November 20, 2004 Author Report Share Posted November 20, 2004 Some people saying top in oil, some say everybody says its going up so it has to go down now, a few say $60 or even $100 next year. Here's what the chart tells me: NO technical proof of a top, KEY FIRST MOVE is FR/FF ( Alan Farley term first rise/ first fall). Which means first COMPLETE retracement of the last leg up (usually we give out the 61.8 it's pretty safe to assume a return to origin). In addition to the FR/FF usually this move takes out major supportive MA's and TL's -> then you can start saying a major top has been made (@41 on crude). Crude held the 61.8 nicely and what a bounce, the uptrend is still fully intact I have potential projections to 60 and beyond and expect them unless we turn down again and the FR/FF and support violations occur (<41)! Link to comment Share on other sites More sharing options...
FeedFool Posted November 20, 2004 Report Share Posted November 20, 2004 Oil index is really strong one would see MACD to drop hard on 4th wave so far there is no sign of it. Some people saying top in oil, some say everybody says its going up so it has to go down now, a few say $60 or even $100 next year. Here's what the chart tells me: NO technical proof of a top, KEY FIRST MOVE is FR/FF ( Alan Farley term first rise/ first fall). Which means first COMPLETE retracement of the last leg up (usually we give out the 61.8 it's pretty safe to assume a return to origin). In addition to the FR/FF usually this move takes out major supportive MA's and TL's -> then you can start saying a major top has been made (@41 on crude). Crude held the 61.8 nicely and what a bounce, the uptrend is still fully intact I have potential projections to 60 and beyond and expect them unless we turn down again and the FR/FF and support violations occur (<41)! <{POST_SNAPBACK}> Link to comment Share on other sites More sharing options...
MrHankydoesWallStreet Posted November 21, 2004 Author Report Share Posted November 21, 2004 OIH Update Nice SOS (starting to use Wyckoff) off that low volume DB, at least I think that is the proper term, Sign of Strength = wide range, high volume, strong close bars. Link to comment Share on other sites More sharing options...
MrHankydoesWallStreet Posted November 23, 2004 Author Report Share Posted November 23, 2004 Figured this was coming - FCS buy on OIH Link to comment Share on other sites More sharing options...
MrHankydoesWallStreet Posted November 28, 2004 Author Report Share Posted November 28, 2004 Off to a smashing start, ol chaps! T.O'B. recommended shorting this about the time I said to go long. He has been on top of my ignore list a long time. $ off his book and promos not RT trading... Link to comment Share on other sites More sharing options...
MrHankydoesWallStreet Posted December 11, 2004 Author Report Share Posted December 11, 2004 Crude looks to be heading for a "dip" below 40... FR/FF in place on last leg up and this so far A = C zig zag could easily extend. As I have stated I do not believe oil will spend much time sub-40 but looks to need some time to prepare for the next advance...range 35-45ish. OIH back to our last entry price @78, solid support @75 and I don't expect it to go much lower and again consolidate for the next really BIG move up! Link to comment Share on other sites More sharing options...
MrHankydoesWallStreet Posted December 12, 2004 Author Report Share Posted December 12, 2004 OIH: Green Arrows where I bought in. I would be entering here 75-80 if not already in. Keep a stop down around 70 and adjust position size/allocation based on this loss if it caves in which I highly doubt. Link to comment Share on other sites More sharing options...
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