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whojam,
indirectly dry well's placement iis causing this volatility, but its investtor sentiment that has caaused the j hook formation.
rainbow chasers and dare i say mms taaking prrice uup pprofessioonal punters taking their pound of fleessh bringing price down, rainbow hunters taking it bback up to fiibonaccii resistence.
at some stage when the selling stoopps the bulls take coontrrol or good rns and prrice zooms
iff sellers ssstill around at resistance jj hhhookk fails and price drrops again .
this hhappened several tiimes in maarcch/ aprrriil 20166 with price hittting 4p several ttimes before bbuyerrs dried up and bears took controol. ample time for ta to recgniise bull rrun over ttime to cash in. lth who treat ta as witchcraaft would fail to see this because they dont havee chart to look at and insteadd maake bbanaal comments like tree shake,, bitt of consolidation is good or the weak are selling stayy srrtrong or some other nonseense.
tired and ready for bed no time for spellcheck
gl
And not to put a dampener on things (I don't want to be cast as a deramper, after all, I am invested, so have a vested interest in an upwardly mobile sp, but the following link was somewhat eye-opening.
https://oilprice.com/Energy/Energy-General/The-Risk-Of-Stranded-Energy-Assets.html
Not to be read before bedtime.......
TD 19:36
No truer word said, in the main just fitters not mechanic!
Mmmm. Oxygen on its own doesn't burn. So you'd have to have another chemical, preferably Hydrogen. Then you start getting into volume of containers. Ammonia and shipping was interesting, as there is existing infrastructure in many ports to deal with liquid ammonia, for fertilisers etc. So to refuel ships would be relatively easy. Problem is the volume of storage within a ship for liquid ammonia is far in excess of volume for diesel, so freight loads would be reduced. And power output from ammonia is way less than that for diesel. So many many problems. Undoubtedly they will come up with answers, and in the meantime oil is king. But not for long mes amigos.
Waiting for mass produced cryogenic liquid oxygen powered cars to come on market, rather than hospepipe through window killing you it would put you into cryogenic suspension instead.
Not sure how the average garage mechanic would cope. Even now, when they plug in the diagnostic kit, and computer says no, they haven't a clue!
Made me chuckle at the thought of future royal family rollers being powered by small nuclear reactors. I wonder what dear old Charles would make of that?
Well Rolls Royce obviously think they have the answer, with a production date expected 2029.
For their small nuclear power plants.
Lef, a chartist and a Chelsea supporter!!!! Dear god man................good luck to you!
Well, I had 4 between 17:52 and 17:56. And as for dear Greta not sure she'll ever think a bar is a place to be seen, green or otherwise. Perish the thought!! But she has a point, and we have to acknowledge that. The scientific facts are all too clear. We, as oil company investors, probably do have a limited time to make loads of dosh. The writing is on the wall. And to use another hackneyed phrase, make hay whilst the sun shines (not that I've seen any sun for days mind you!) Lithium mining is never going to be the be-all-and-end-all. Hydrogen? Possibly. Read an article about use of Ammonia instead of diesel for shipping engines. Interesting. But still a problem with Nitrogen oxides as climate warmers. And power output per equivalent amount of various fuels puts diesel way ahead of anything else. Lithium was at the bottom of the list. Hydrogen, methanol, biofuels etc were middling to say the least. The only thing I can see challenging oil based products is nuclear. Can you imagine nuclear engines on all the world's maritime vessels????
As I asked Lefty in a post before the selling off today
Did DW cause the J hook formation with the $3m so called unsolicited offer that was accepted.
If the new shares holder started selling into what most on here would look as a predictable/anticipated rise in sp then maybe the J hook was formed by DW and not the buying/selling trends
If that was the case then a 'double-whammy' candlestick formation (I just named a new candlestick formation to describe when the pis/lth are shafted) was formed when not only did someone make money on a reduced sp buy but also made money on selling in to a predictable rise was formed.
Howsabout that description of what IMO just happened
wjmflp
pps smiley,
just read your post about your health problems. i had sciatica once. very painful. your other problems just stay positive and adapt. I'm wheelchair bound now, but there is always a plus side to adversity. cut pricee ticket for me and free for my better half at chelsea east stand, blue badge parking anywhere at stamford bridge or indeed anywhere including double yellow lines. and brand new car every 3 years wiith the mobility scheme.
gl
just my green bars :-))
green bar -wonder if that is where Greta T will drink when she is of age :-)
Brom, re your "assumption" 18:01, I should say that clearly I have not filtered Lef. So the green bars are others.
not that mid price misunderstanding yet again!
Copy and paste of trade details "14:04:39 1.272 858,647 Sell* 10.92k" does not constitute proof.
You appear to have also accidently removed the Bid and Ask details from your pasted information which was 1.25p and 1.35p so at time of trade mid price was 1.3p so nothing points to a BUY just a common or garden regular SELL.
green bars make me smile as far as I am concerned means poster of absolute no value to me and just an irritant I do not want to waste time scratching :-)
wish others would make use of the "filter" button and sign in before reading posts.
PS if anyone wants to filter me I will not be offended in the least :-))
My screen too Brom!! :-))
I really wonder why a technical trader who is so confident nay ultra confident about their analysis should be upset by what others may think, should just get on and make "loads of money" instead of trying to preach to the unconvertable.
I am making a bit of an assumption based on 17:52 post and the green bars popping up all over my screen.
Another kick up the rectum by MMs
Brom, 17:51 - very amusing! :-))
Lef, 17:20. You refer to those "amateur investors" here....... are you saying you're a "professional investor"? And if so, do you regularly and consistently make profits from your investments, which are presumably driven by charts? My reference to the Lefkosia School of Witchcraft and Wizadry, namely Hogwash, was an attempt at humour, and I do apologise if you felt it was an attack on you. Not my intention. You mentioned the other day about a "J-hook" forming, with the shaft (?) of said hook ending at/near/on/past (can't remember which) your T-line, which apparently gave a good prediction for further upward movement. What actually happened was today's 7-8% drop. Now I know you also in the past have said that movement over these lines can sometimes be false, and subsequent direction of sp can be the opposite of what your charts tell you. All that tells me is that it's all guesswork. Clever guesswork maybe, but not at all accurate. I've said in the past that charts are historical, and any patterns forming may not reflect future movement of the sp. Each to their own though. I'll continue as I am, and can honestly say that I've done OK over the years. Not always worked out, but overall have made gains. As I expect have you. But I don't generally use "back of fag packet" predictions, since I don't smoke. :-) GL to you btw.
mid price crisis
Spot on Rocket, for MM’s their income comes from buying /selling.
I always look at the bigger picture, where will be in a few weeks.