Sunday, May 13, 2012

My thoughts for the Week ahead

All my comments are embedded in the charts, enjoy.  Feedback is appreciated.









3 comments:

  1. Hello BLH,
    Thank you for your hard work! Couple questions:
    1) You show that oil could have farther to retrace, wouldn't that retracement affect your XCO outlook?
    2) I am not overly familiar with the Blees rating. I understand its concept. From your expertice, does it concern you that there are many of your red arrows in such a short time frame after relatively few the past few years?
    Thanks

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    Replies
    1. Thanks, oil and natural gas are two different animals in my view. XCO is mostly NG. The Blees rating is a indicator that shows how bullish the dominant players are. They move the market, and at 90 to 100 it is usually a safe bet to go long. Wait for a higher high first though, this market is nuts right now.

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