I think long term holders are strictly on the fundamental. I just learnt something When I browse the long term thread, I still don't understand what they are talking about but I found a good source for oil industry terminology from them.
http://www.glossary.oilfield.slb.com/Terms/a/amplitude_anomaly.aspx
It's always great chatting with you about charts (as always eye opening) to be honest, I was not looking at the upper shadows but clearly it was forming the yellow flag there. I was simply happy for finding/guessing the bottom and acting on the reversal.
Is this what happened?..
"After a large advance (the upper shadow), the ability of the bears to force prices down raises the
yellow flag. To indicate a substantial reversal, the upper shadow should relatively long and at least 2 times the length of the body. "
@herbalist
I have Cmp under a watchlist I created under your name, what's happening there.? Any enlightenment
Cheers
