Matt As you say, charts really do play out. However, you
have to have the right chartist! In the case of oil, before I
joined Breakpointtrades, I had done massive amounts of research on
Peak oil, etc. so I obviously had a hard time trusting your
chart. on the basis of the scarcity fundamentals, Over
time I am becoming more and more confident in not only trusting the
charts but within a range of probabilities, the way you guys
interpret them. I did not short this correction in oil as I
am usually not comfortable shorting bull markets, but hindsight
being 20/20 I'm thinking " shoulda woulda coulda..." Thanks
for all the great work Matt and Steve!
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Matt As you say, charts
Crude Oil Long Term Chart I posted this chart months ago ...
Posted by vmath on 15th of Sep 2008 at 11:39 pm
Matt As you say, charts really do play out. However, you have to have the right chartist! In the case of oil, before I joined Breakpointtrades, I had done massive amounts of research on Peak oil, etc. so I obviously had a hard time trusting your chart. on the basis of the scarcity fundamentals, Over time I am becoming more and more confident in not only trusting the charts but within a range of probabilities, the way you guys interpret them. I did not short this correction in oil as I am usually not comfortable shorting bull markets, but hindsight being 20/20 I'm thinking " shoulda woulda coulda..." Thanks for all the great work Matt and Steve!