you call my statement stupid........however your comment about the charts showing market sentiment is low is the most stupid thing i've heard in years.........you don't need a chart to tell you oil prices have halved and the oil sector is in the doldrums!!! and as you can see i've made no "clever predictions".......i've merely disagreed with your charting theories. if you need to find out about the fundamentals please DYOR.......i'm not going to waste my time educating a know all
Nope, but if you do, the chart will tell me because I will see the money flow and I will benefit from that. If you haven't hit it in ten years you will still be here waiting, that's the difference.
I'm trying to open your eyes here not profess to be right all the time, try not to be so over confident, it's not a great trait... you sound like a salesman trying to tell me your product is the best thing since the invention of the wheel.
A chart cannot predict fundamentals or future price direction, it can only tell you the probability of future price and therefor provide you with an edge.
you, me or anyone else can predict future price for sure because its not possible to do that. However, a chart can show you the current market sentiment and it is a graphical representation of current bias In my opinion it is the most accurate source of current as to what market sentiment is bar none.
How you interpret it is a skill in itself, I'm not suggesting its the Holy Grail but nothing is in trading / investing, what I am saying is that price is currently falling and the key to charting is to identify when the bulls are coming in and try and capitalise on that.
I prefer charting because I have some control over what I am doing, I have no control over a board meeting decision, takeover bid or if a drill might strike oil as GKP did a few years back, that's just pure luck.
Price action trading will show when these things happen because it will show buyers coming in, yes it might be 30% up the move and you might only get the middle 30% but at least its a logic based approach.
GRF..I'm sure that's true if you don't ask any questions that question why we week on week are worth less...of course that wouldn't apply to Kevin himself as he is taking his 25k a week..KH cares about himself and only himself
I have e mailed KH direct and bowleven many times , no reply or no comment . KH does,nt give a fig about PI,s , he talks to PI,s every 6 months , yearly ,to try to keep us on board . WHY because no II are investing and those that have are selling and better still shorting without question!!!!!!!!!!!! If bomono is commercial then do we go through the same draw out process as etinde and wells 5,6 kenya etc Not a lot left after 9 years of KH , RH [ what does he do for the money ?] BOMONO ? and 20% of ETINDE . money slowly draining away . If i could get 70 to 80% of my investment back i would be long gone, very sad to say that after three and a half years plus , NOT ONE drop of oil or gas just jam tomorrow and money spent . KEEP UP THE GOOD WORK KH and BOD you've earn every penny of those large wage packets about time you had more free shares . mind you is it worth it at these prices
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