Although I think the mombo shorting opportunity is a number of days/weeks off, there are an abundance of charts in the energy-related area that have handsome head and shoulders patterns. Here are a couple of choice examples:
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Sayonara, Slopers! (by Nathaniel Goodwin)
The Colonel and I will be boarding a flight to Japan soon for the for
the Sasuke "Ninja Warrior" TV show tryouts. I will need a clear mind
and strong healthy body for the competition, something I was lacking in
my trading last week. I believe my yoga and sudoku training will pay
off, and hopefully make it to the second round.
Before I leave,
I wanted to drop off this point and figure chart. I am short term
neutral/bullish, but still leaning longer term bearish because of this
chart. Indicators such as the McClellan Oscillator are at all time lows
and I don't trust those right now, but this point and figure
chart I like. It smooths out a lot of noise, and I think Friday's
activity was important.
Friday broke (what I think) is an
important support line, a support line that goes back to August 2009
which was not breached in Feb 2010 or the funky finger crash just a
couple of weeks ago.
I need to go pack my things and brush up on my Japanese.
Until I post again:
パンダの底のようなあなたの母はトラの花の売春婦である
(I think it means "great trading to all and good luck this week")
xoxo Nathaniel
