Market Traders Technical: Crude Oil July 24,2009
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Hi, I like your oil analysis, just one point... You want to know which direction oil is going? It will follow the stock market. If the market breaks down off its highs then oil will drop. If the market continues to rise, so will oil.
Its that simple.
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Stats dont mean much when the markets are rigged. The first thing i noticed when getting started in stocks was everyone uses the same method to trade. If i had a large amount of money and knew how 90 percent of the market would move giving the set guidelines people use it would be shooting fish in a barrel and thats what there doing. if i were you id just look for waves of over sold and over bout and hop in or out as needed. other wise if your making money your way more power to ya.
laplante31 2 years ago
I,m in total aggreement with you. I watch inner ,outer trend lines. I have an education company that teaches a specific process to follow to identify entry and exit points
markettradersunivers 2 years ago