Well, it’s been awhile since I’ve made you aware of a real estate offering in my fair city, so I present you now with 221 Santa Rita Avenue here in Palo Alto. For the low price of $3.4 million (well, that’s the ask – – it’ll surely go for a lot more with many offers) you can call this place your own personal palace:
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The last three day’s candle pattern on WTIC Crude Oil could very end up being a “Three White Soldiers” pattern, which is, technically, bullish [Definition (courtesy of StockCharts.com): “Three White Soldiers: A bullish reversal pattern consisting of three consecutive white bodies, each with a higher close. Each should open within the previous body and the close should be near the high of the day.”]
“Three White Soldiers” candle pattern
I gotta tell ya, this sort of thing turns my stomach:
Well, the month of August 2015 is history now, and what an insane month it was. I ended it on a good note – – a nice profit today – – and I am once again aggressively positioned on the short side (having built up my positions from merely 48, on Wednesday, to a full 106 today). Broadly speaking, I am positioned for a diminishment in crude from present levels as well as general equity softness, by and large, all the way through the September 17th anti-Christ press conference.
Let us bid August adieu with one of the sweetest voices there ever was:
Crude oil’s long bear market has been met with a ferocious counter-trend rally. I can’t say precisely when it’ll stop, but I am highly confident this is going to re-sink soon (not necessarily to new lows, but certainly carving away most of this rally).