Re: It's Happening, page-6

The smart guys ignore the babble and bought low and sold high.

Those same guys are now waiting to do the same thing again.

Meanwhile others missed that opportunity and then come out 10 weeks later and claim how knowledgeable they are by going short during a period where the SP rose 140% from bottom to top.

55 cents is approximately 50% retrace from recent lows and highs.

XAO went negative on Mar 23rd, when it closed below the 200MDA.

AWE was a sell when closed below 68 cents. The rounding top and MACD was a give away as to where the SP was going to go next.



There is a gap at 52 cents.
Supporting trend line is around 48 cents
OPEC Meeting 17th April

So it is a watching brief, the catalyst is the OPEC Meeting, what words will be uttered which will drive the oil price? Will it be positive or negative?

Imo it may be negative, which will offer another opportunity to buy low.

Either way I will take a first position at around 48/49 cents.


Disclosure = Not Held