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Friday, November 19, 2021

DRIP - Oil Pullback Due

DRIP has formed a broadening formation and is bouncing off support. Oil is pulling back and is likely to become more attractive soon. Daily

13 comments:

  1. Inflation therefore also in an expanding pattern.

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  2. Bought small position DRIP $5.32.

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  3. I've been calling for Oil pullback and it is now pulling back as expected.

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  4. Just to have some skin in the game I'll work with DRIP here short term and will smaller position size, but as shown it is not expected to even make the upper line.

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  5. GUSH back under $100, very nice!

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  6. thanks, SC. I may follow you on this one, just to have a little skin in the game as you put it.

    Have a great weekend!

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  7. Sc,

    The way the market ---was more of a technical break down---whats up with that????

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    Replies
    1. That was a significant reversal. You know I'm warming up to UVXY. Looked at some VXX charts. This could get more interesting...

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  8. sc,

    you better look at that Uvxy chart again --a break of SPX 4660---tapping the reserves -- Biden was a major player in the 70's--odd/even gas days--Santa's sled runs on diesel---we could have a problem Houston!

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  9. sc,

    First gap fill is SPX 4520----Please take a look???

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