Cycles are a tool and should not be used to the exclusion of other tools. There is always the possibility (high probability long term) that the data will be misinterpreted or a relevant fact over looked. So use cycles to check your analysis, not as the only reason to make a decision. Interpretation is the opinion of the author and may be incorrect and should be viewed in that light.
Monday, December 6, 2010
12-06 OIL topping soon
Looks like we should get first sell signals by mid-week and multiple sell signals by first of next week. You know the play? Buy DTO maybe.
See for yourself:
Here is an updated chart (as expected all the sell signals are lined up).
looking at DAL, no position yet, will add DTO to watch list. thanks inlet.
ReplyDeleteLooked at Dal and at this time no clarity on what it should do. I expect lower oil prices is good for it.
ReplyDeleteinlet,
ReplyDeletegreat call on the oil here. thanks,
S.