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Post by clinton on Jun 10, 2014 9:02:42 GMT -5
In reading Livermore he also talks about confirming pivots a well as bottoming pivots I think this is an example of a confirming pivot Theres a bounce but it forms a bear flag. Volume is down direction but much less in up direction. check out obv confirming on 10min scale Livermore would be adding to his short on this formation. Attachments:
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Post by clinton on Jun 17, 2014 8:00:28 GMT -5
AUD Attachments:
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Post by clinton on Jun 18, 2014 4:57:30 GMT -5
FELP Coal miner Foresight Energy raises $350M in IPO Foresight Energy (FELP) bets there's gold in coal, as the Illinois miner raises $350M in its IPO despite threats against the industry from regulators and competition from natural gas.Foresight believes it is well positioned to supply coal because its Illinois mines have thick, contiguous seams and can be mined for one-third the cost of Appalachian mines.The company controls three of the four most productive coal mines in the U.S., and demand for Illinois Basin coal generally is expected to increase to 185M tons in 2020 from 102M tons last year.FELP today priced 17.5M shares at $20 each, valuing the company at $2.6B; shares are expected to start trading tomorrow.
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Post by clinton on Jun 18, 2014 9:10:31 GMT -5
well WLT finally had a delayed low pivot bullish vol spike I would think this goes to the 50ma now no fundies backing up this move so who knows what will happen Attachments:
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Post by clinton on Jun 23, 2014 9:27:03 GMT -5
AUD and WLT both popped
australian traders on Bloom asia bitching about AUD stregnth. They are feeling the pain now and said they want it at .80 not .94
I got a feeling the top is close for AUD
Like when they start doing the stories on gas prices on local news the drop is around the corner.
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Post by clinton on Jun 23, 2014 10:09:49 GMT -5
this looks like a top but a last spike to the 50ma daily wouldnt be surprising. Attachments:
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Post by clinton on Jun 23, 2014 11:13:33 GMT -5
funny the aussy also said australia will increase production to offset the strong AUD
this is a no win for coal really when you think about it.
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Post by maxi on Jun 23, 2014 12:44:55 GMT -5
BEST "avatar" picture EVER, Clinton! Still here is part of my Twitter self description....
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Post by clinton on Jun 24, 2014 6:23:16 GMT -5
rail report from last thur I see coal back to its old self Attachments:
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Post by clinton on Jun 25, 2014 20:05:32 GMT -5
still looks like a topping pattern Attachments:
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Post by clinton on Jun 26, 2014 22:07:17 GMT -5
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Post by clinton on Jun 29, 2014 21:25:10 GMT -5
BTU chart sure looks bearish Attachments:
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Post by huh on Sept 9, 2014 14:08:57 GMT -5
Unless it closes over 7.88 (back into the flag), seeing a WLT bear flag target of 5.85. Already broken & backtested. I need to close some old posts up so that I can clean up my list... WLT down 41% since this bear call. Still see potential downside targets for 3.75 and even a possibility for 77 cents.
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Post by huh on Sept 9, 2014 14:20:04 GMT -5
Also...BTU down around 10% since my bear call. But coming up on some critical support here. Should bounce here (~14.73) - at the bottom BB after 6 consecutive red days. Still see low to mid 8's to the downside in the long term though.
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