also remember guys - this pullback could be wave 2 of 5,
if that's the case we could see wave 3 of 5, then 4 then 5,
which would probably last into January.
Cramer mentioned a 57 day cycle for Oil. He called the top
in oil a little over a month ago ago and co-incidentally this sell
cycle ends on 12/23 which also helps keep gas prices low at the
pumps all the way till Christmas. I closed my XOP short
yesterday and re-opened the position today. Enjoying the
System trade and looking forward to the exit.
That gravestone dojI from Nov
Posted by watcdy on 1st of Dec 2021 at 10:00 am
That gravestone dojI from Nov monthly put the fear of bears in me - looks like we’re skating on thin ice but I’m hanging in long for now
Agree, trying to formulate a
Posted by retirefire on 1st of Dec 2021 at 10:06 am
Agree, trying to formulate a plan in case we experience a long bear market ... with out getting washed out in LONG term hold positions
also remember guys - this
Posted by matt on 1st of Dec 2021 at 10:10 am
also remember guys - this pullback could be wave 2 of 5, if that's the case we could see wave 3 of 5, then 4 then 5, which would probably last into January.
anyway we'll see what unfolds
yes as Steve always says, have a plan
Cramer mentioned a 57 day
Posted by fredsaid on 1st of Dec 2021 at 11:41 am
Cramer mentioned a 57 day cycle for Oil. He called the top in oil a little over a month ago ago and co-incidentally this sell cycle ends on 12/23 which also helps keep gas prices low at the pumps all the way till Christmas. I closed my XOP short yesterday and re-opened the position today. Enjoying the System trade and looking forward to the exit.
Unfortunately gas at the pumps
Posted by steve on 1st of Dec 2021 at 11:43 am
Unfortunately gas at the pumps doesn't come down as fast as crude oil
it sure seems to work
Posted by mla127 on 1st of Dec 2021 at 12:32 pm
it sure seems to work that way the other way around though .... lol
Ya...quick to go up and
Posted by fredsaid on 1st of Dec 2021 at 11:46 am
Ya...quick to go up and slow to come down but maybe it can hold steady at least.