Share this on:
 E-mail
170
VIEWS
 
RECOMMENDS
4
SHARES
About this iReport
  • Not vetted for CNN

  • Click to view ronjaenisch's profile
    Posted November 18, 2011 by
    ronjaenisch
    Location
    city
    Assignment
    Assignment
    This iReport is part of an assignment:
    Breaking news

    More from ronjaenisch

    Possible Major Oil Decline

     

    Crude oil this week did more than make higher highs. They pivoted at an upperr MLH and an ORE line intersection. Ore lines were touted by Alan Hall Andrews as the most reliable way of using Roger Ward Babson's Action Reaction Lines. With the Rule of Alternation in play......what just occured doesnt usually occur next.........it would be anticipated that the straight up move of prices in the last few weeks will be followed by a choppy dowm move to below the lows several months back. However at this time precisiontrader is forecasting a target of further than that if the decline continues into next summer. The high here has an interesting signal. It is what we call a 7+7. This is what occured at the lows in gold in the summer of 2010.............................All of this is.... of course..... as usual..... a wild guess.

    What do you think of this story?

    Select one of the options below. Your feedback will help tell CNN producers what to do with this iReport. If you'd like, you can explain your choice in the comments below.
    Be and editor! Choose an option below:
      Awesome! Put this on TV! Almost! Needs work. This submission violates iReport's community guidelines.

    Comments

    Log in to comment

    iReport welcomes a lively discussion, so comments on iReports are not pre-screened before they post. See the iReport community guidelines for details about content that is not welcome on iReport.

    Add your Story Add your Story