Oil USO Rally Near An End?

Posted: May 27th, 2011 under Commodities, Predictions.
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OIL USO is showing a pair of spiral clusters for Monday and Tuesday in addition to multple backward spiral alignments today: F1, F3, F4, F5, F6 , andF7.
The rally off the May 17 low is small but can be counted as three waves if we get another upward push next week.

Oil USO

Spiral Calendar Clusters For Oil (USO) As Of May 27th, 2011

Spiral Calendar Clusters For And Spiral Calendar Alignments Backwards From May 27th, 2011 For Oil (USO) – click to enlarge

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2 Comments »

  1. This is one trade I can’t get on board with. I saw huge volume come in at 39, so if oil drops I serious doubt it makes new lows below 37. I see it traveling at least to 43 eventually to fill the gap.

    Comment by fred — May 27, 2011 @ 9:29 pm

  2. Hi Ramki,Good Day!, have been practising EW for colupe of months now, not just in financial instruments but then I’m also using it for studying customer satisfaction psychology, IT ticket volume patterns, horse racing and I see EW in there as well. After all, it is crowd psychology and every day when I see charts it makes me clear and then I go wrong sometimes and I keep correcting the countsRecently in my blog had mentioned about Divis Labs reaching 1200 to 1225 levels when it was 1025, and it just did exactly the same way of course few points lesserI recently read your book on EW, it was wonderful it not only was interesting to read but then is worth reading multiple times to refresh ones concepts thoroughly. Shows your passion for EW and no wonder you are doing it for last 30 years, I want to be as passionate as you are and I spend atleast 6 to 8 hours reading EW across all instruments. Money making is just a by product of the understanding. Trust me earning money doesn’t give me that satisfaction, of course it is required but what gives me more pat on the back is when the counts go right as we studied and studied and studiedNow I’m researching parallely on EW & Ishimoku indicator. The reason why I compare is to make less risky trades with making less loss and reasonable profitNow coming to RCOM, what a wonderful explanation of the chart, I have almost read this particular blog more than 5 times. Every time when I see it, it just highlights how much wisdom you carry on price movements by mastering EWA quick question though, RCOM made a low of 46.6 in Aug (NSE recorded) and reversed from there on.Even going by Ishimoku, the kumo cloud acted as a resistance so far has turned to support around 55 to 60 levelsI believe the downfall is over and it is time to buy at decent/significant dip. Your thoughts on this pleaseRegardsNaga

    Comment by Aroa — December 16, 2015 @ 5:40 pm

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