click to enlarge
Note RSI divergence.
Normally one would expect a low volume pre holiday ramp today, this count suggests quite the opposite.
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A Discussion of Technical Analysis, Elliott Wave Theory, and Fibonacci Ratio's focusing on Energy Mkt.s Crude, Products, and Natural Gas. Occasional Fundamental Analysis, Energy News and Rumor.
Blog Archive
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2010
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May
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- Yen Again
- Euro/USD Update
- SP Update
- WTI Fibonacci Points
- SP Elliott 3rd Wave Alert
- WTI
- Euro Wave Count
- Eurozone/ China
- Natural Gas
- USO.. Oh... Sh@% !
- WTI
- Rbob and Memorial Day W.E.
- Natural Gas
- Euro Update
- WTI
- Euro Heads Up
- WTI Roll
- SP Update
- Rbob Update
- Monday Ramp
- WTI / SP Update
- Euro Elliott Update
- SP 3rd Wave Alert
- WTI Update
- Rbob Overview and Targets
- WTI Update
- Live from Iceland
- Cash for Clunkers
- Fed Bails Out Europe
- Yen Correlation
- China’s Oil Refining Rates Fall on Global Uncertai...
- SP's ...the Morning After
- Natural Gas Short Term Outlook
- Shanghai Slammed
- WTI Overview
- Euro Update
- WTI Update
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May
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My Blog List
About Me
- Guy W Bishop
- I have been applying Elliott Wave Theory to energy markets as a broker and as a trader for commercial entities since 1983. This blog is merely my personal musings on various wave structure's and NOT any kind of trading recommendation or suggestion.
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