|
Post by clinton on Jul 1, 2014 7:52:35 GMT -5
WLT looks like its rolling over...still Attachments:
|
|
|
Post by clinton on Jul 1, 2014 7:54:14 GMT -5
BTU bear flag looks like its working Attachments:
|
|
|
Post by clinton on Jul 1, 2014 7:55:32 GMT -5
ANR looks like WLT...rolling over Attachments:
|
|
|
Post by clinton on Jul 1, 2014 7:59:02 GMT -5
AUD new high aussie's on bloom sound depressed not good for a country that exports This might save US coal exporters but aussie's will most likely up production and sell even more coal at a cheaper price. reminds me of old Japan when they'd sell steel at a loss to BK our companies Attachments:
|
|
|
Post by jacksrbtr on Jul 1, 2014 8:10:20 GMT -5
BTU bear flag looks like its working I'd trust it more if the flag was a 7-count right now it's 2-3 wks early.
|
|
|
Post by clinton on Jul 1, 2014 8:41:02 GMT -5
|
|
|
Post by clinton on Jul 2, 2014 5:58:55 GMT -5
should be a red day for WLT Attachments:
|
|
|
Post by clinton on Jul 2, 2014 8:30:32 GMT -5
! Attachments:
|
|
|
Post by clinton on Jul 2, 2014 9:16:13 GMT -5
WLT up today markets are funny, suckers buying into the holiday squeeze will be sorry in a month
|
|
|
Post by clinton on Jul 2, 2014 9:34:37 GMT -5
interesting divergence Attachments:
|
|
|
Post by clinton on Jul 2, 2014 9:59:13 GMT -5
|
|
|
Post by clinton on Jul 2, 2014 10:39:25 GMT -5
30Jun2014/713 am EDT/1113 GMT
China's coal mining and washing industry reported profits falling 43.9% year on year to Yuan 51.26 billion ($8.3 billion) during the first five months of this year, mainly due to sagging coal prices, data from the National Bureau of Statistics showed late Friday.
During the same period, major coal mining and washing enterprises -- those with annual revenue of above Yuan 20 million -- earned total revenue of Yuan 1.22 trillion from core businesses, down 6.6% year on year, while profits were at Yuan 48.81 billion, down 46.4% year on year, the data showed.
Profit for the country's entire mining industry fell 16.4% year on year over January-May to Yuan 276.75 billion, the data showed.
|
|
|
Post by clinton on Jul 2, 2014 18:11:07 GMT -5
anyone that shorted above 6.00 today on WLT should be in good shape next week
AUD is still dropping along with price of coal
this squeeze will come to an abrupt end on Monday most likely.
|
|
|
Post by huh on Jul 4, 2014 9:21:06 GMT -5
Update on WLT: Hit the last FIB yesterday with this recent run-up. However, it's an odd looking bear flag (red lines) since it didn't tag both lines twice during the consolidation. This leads me to believe that the bear flag lower support line should actually be drawn higher (grey line), and that the pps fell below it before recovering. This is important because that means it could now overshoot the top line in a similar fashion and get that gap fill ~6.70, & perhaps as high as ~6.90. Either way, looks like a good short setting up. 6.30-6.40 is a good entry spot, 6.70-6.90 even better if it were to overshoot with a blow-off. But definitely a short if it loses 6.00 (previously gained FIB) as that would be confirmation the run-up is over. Next downside target would be low $3's. In the bigger picture, still have two larger patterns, one pointing to ~3.80, and another to ~0.75 cents. JMHO
|
|
|
Post by clinton on Jul 7, 2014 6:08:35 GMT -5
|
|
|
Post by novie08 on Jul 7, 2014 10:03:55 GMT -5
|
|
|
Post by huh on Jul 7, 2014 11:20:59 GMT -5
WLT LOD so far 6.00 & holding.
Let's see if it can now get one of those crazy-makes-no-sense up moves for the gap fill/overshoot ~6.70+ (aka "The Head").
|
|
|
Post by clinton on Jul 8, 2014 7:19:31 GMT -5
according to this web site chinese coal just got a little cheaper for making steel Attachments:
|
|
|
Post by clinton on Jul 8, 2014 8:40:49 GMT -5
|
|
|
Post by huh on Jul 8, 2014 8:47:22 GMT -5
And definitely supported by the charts.
|
|