Quote:
Originally Posted by polarbear
Just the opposite- indicators are saying this pitch is just getting wound up. Commercials are drifting towards the long side (488:466k contracts), while short term traders are short by about the same percentages. Guess who I think is right?
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That was kind of interesting- yes? Commercials were right (shocker). Bias currently is short, but not hugely so (437K vs. 459K).
This chart fascinates me. I had a couple of buddies ask me if I sold my TRP (Trans-Canadian Pipeline) after Obama put the stops on the project. Hmmm... I didn't. For a different reason- I've owned them since the late 90's. There's never really been a time to sell that one... just to accumulate more when it spits up a hairball. (Pays a 3.5% dividend too)
Notice how the MACD indicator was turning up while the stock was still plummeting? Accumulation going on... those indicators tell a story.
