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Goes back to 100 for a millisecond ?
If it goes to 100 for a millisecond, I'd sell all my calls that I just bought and make a fortune! Man I love this free market thingy!!
Downward entry = Downward exit.
I wonder if one of the Tylers has a background on Physics/Simulations.
Where's Wiley Coyote?
Fueling his rocket. Waiting for the Launch count down.
http://www.discoveryinvesting.com/blog/2015/2/18/weve-seen-this-before
One seems to be on the Left Coast if you notice the PST time stamps.
No meaningful recovery without capitulation, which bulls are preventing by trying to pick bottom. This will lead to crisis due to supplies reaching limits. We wouldn't have gone to $10 oil, but because of bulls preventing capitulation, we will.
based on what I have seen and what my IT/programmer guy tells me you can in fact "simulate" just about anything. Whether or not your model will have any bearing or semblance of reality is something else altogether.
Good guess. I'll remember that. It sure provided an opportunity for the gold/yen trade to work again.
or is this more indicative of shorts taking profit and then consolidating... remember the industry hedged instead of changing their production.
ha ha, that was a quick algo test to go down instead....
Nah, they don't do long term positions.
It is just the regular trading anomolies of an asymmetrical triangle. Any day trader has seen them many times.
The market creates a stronger shelf so to say voiding of liquidity vacuums.
What does it do next??? It can stay there or continue the trend or reverse. The traders sit and see head fakes and traps til it makes the commitment.
I'm ot sure if algos can really form the triangle, only all the scalpers and those scalp market maker algos. During the triangle there seems to be little spoofing in the trade dom as heavy hands lay in wait.
It is a period of low volitility. It is interesting to see this in the markets but a bitch to trade it. Chopped up in hundred of pieces.
If I had an algo, I would take it out of the triangle as a to trap traders to the wrong side, then hammer the shit out of them. Why have an algo narrow in range? Also if the POC point of control is at the apex of triangle, price likes it there and builds up a high value area. Still a low value area for a trader.
A few months someone here said if oil drops below 54 bucks it would fall into the 40's. I don't care much for long look backs, but must of been a major support line several years ago? Anywho, strong support once broken becomes strong resistence. Oil has popped 54 three times now and having a tuff time breaking thru. If it breaks it, my next target would be $55.50. The daily is pointing upward, but gotta get past that 54.
What happens next? A moonshot to 60.
OH MEIN GOTT!
The feared pterodactyl formation!
Glitches and self helpies.
Damp harmonicas .... need to be oiled .... Jeesh .... this is kind of basic .... duh ? The little metal reeds .... have to oscillate .... to make music !
If those fuckers can get the stock market numbers that high... can't they just Manipulate oil WAAAYYY Higher if thats what they want?
it has been manipulated. LOWER. Because that's what they want
first it was manipulated higher from 32 in 2009 to 110. i think the drop from $95 to $43 in 2014 was the end of the manipulation higher.
Is it a damped harmonic oscillator or are they just selling a reducing volume of stock above a lower limit?
Darn, the world didn't blow up today. Better luck tomororw ZHers. Mommy is there to take care of you until then.
Rounded top rally (convex, or a frown) = down. Rounded bottom pullback (concave, or a smile) = up. And so it goes.
In chart-porn terms, looks like we're down to the short strokes.
It's been pattern-driven pretty much since the first days of the rally off 44. The push-pull over the last 24 hours is whether we're going to break above the 55 day MA.
Final shakeout before the breakout. These moves are nothing but a money grab.
Don't look now
https://www.tradingview.com/x/GvobJcAz/
Ugly!
Dear algo, please, could you kindly make it to be ANHARMONIC!!!
Just 4lulz.
Next we have a soundbite from Saudi, they foresee $20 oil!!!
Well looks down a dollar plus for the moment and untill Assad is gone it will stay down. You will see 100 oil the day affter Syria is under American rule
is like watching clouds
Where Boris!?
See you later oscillator.
We're all fluctuated.
vs
We fluctuated some folks.
Fluctuation caused me to exist
Any supertankers backed up waiting to be unloaded?
I'm guessing less harmony and more acid rock.
'What happens next'......they manipulate price either up or down?
I think it's more of a kind of algo-created spastic bouncing back and forth thing. Like the girl in the middle of the two "Baby Don't Hurt Me" guys on SNL...
Can someone please explain what the hell this means?
Stay the hell away from trading /CL unless you are very nimble.
A war?
bearish flag pattern, right?
regular gasoline has gone up 43 cents per gallon in the last 2 weeks. socal
Might partially be something to do with the tankers in San Pedro sitting at berths w/o someone to pump them dry. Not to mention the 3 offshore doing donuts.
Oh, and that refinery blast this AM might add a few cents to a gallon when you hit the Exxon station tomorrow.
Seriously? A 1 minute chart? So maybe oil brekas higher and does so by like ... drumroll... a dollar? Or breaks down and does the same? So what after dozens of dollars of moves. I mean it is a pretty thing technically, but at 1 minute resolution not very important.
tends toward a steady state
Oil has to be heading for the car park... Going down!