oil is a chart sell ^*^*^*^, page-5

re: oil is a chart sell or is it Subject re: oil is a chart sell ^*^*^*^
Posted 09/12/04 08:53 - 31 reads
Posted by gse1963
Post #85177 - in reply to msg. #85143 - splitview

Black wolf cl05 seems to have found support on it's 2nd range low . Possability exists for another small up leg .
Basic figs are ;
55.50 - 45.50 = 10
50.50 - 40.50 = 10


Ok we get an uptick .
Fair chance we do another fib set up .
Don't shoot me if it fails either way but this smells of a repeat of the first leg down .
Basically last leg was 50.50 -40.50 =10 so we go 10 x 61.8% = 6.18 so add that to the current low ; 40.50 +6.18 = 46.68 . If it makes it that far look for another reversal of 10.00 .

Note I'm not saying anything in life is deffinite but it's all a game of probabilities and it pays to spend the time to work out the game .

ge