• Download software • Tutorial videos
• Subscription & data-feed pricing • Class schedule


• New account application • Trading resources
• Margin rates • Stock & option commissions

Attention: Discussion forums are read-only for extended maintenance until further notice.
Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

Worden Discussion Forum » Members » Vanguardian

Profile: Vanguardian
About
User Name: Vanguardian
Groups: Member, TeleChart
Rank: Registered User
Real Name:
Location
Occupation:
Interests:
Gender: Unsure
Statistics
Joined: Monday, March 21, 2005
Last Visit: Monday, March 21, 2005 8:59:29 PM
Number of Posts: 1
[0.00% of all post / 0.00 posts per day]
Avatar
Last 10 Posts
Topic: The resistant is not at 2093,68 - It is the oil price $55/Br again - Check this article closely - co
Posted: Monday, March 21, 2005 8:59:28 PM
In the Article "Have Oil Stocks Seen Their Peak?" By Gary B. Smith, listed by Yahoo Finance at the bottom of the COP chart, the chart done by Worden & Chartman concluded that the run had broken based on the low-lines evident in recent trading. Actually, the low-lines view was not nearly long enough. If you view the low-lines (the only immediately clear indicator of a stock's future performance) over a year instead of a month, you can see where the true direction is. This is the difference between a "trend" (longer-term) and a "run" (extremely short-term).