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   Strategies & Market TrendsWaiting for the big Kahuna


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To: William H Huebl who wrote (94567)12/5/2016 11:09:00 AM
From: robert b furman
   of 94677
 
Hi Bill,

Another nice little conservative stock that seems to have very brilliant mgt team is CNNX.

They have pipe lines from the Marcellus and the Utica.

Utica has line pressures over 1000 psi - they use the Utica high pressure to move the natural gas collected from Marcellus and avoid the costs of compressor stations - smart low cost thinking.

They have moved up a 3 bagger - so I'm just watching to add more if there ever is a dip.

But I like their style.

Bob

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To: robert b furman who wrote (94568)12/5/2016 10:31:14 PM
From: William H Huebl
   of 94677
 
Getting long in the tooth according to trend-lines on VTX indicator. We may have as much as 2 - 3 months before a major sell-off.

Oil doesn't seem to be going anywhere either.

Spy seems to show the Trump move up may be running into headwinds.

The question is will the holiday season upon us support another bull move up?

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To: William H Huebl who wrote (94569)12/6/2016 10:45:42 AM
From: robert b furman
   of 94677
 
Tom Drakes 2cs indicator has yet to get euphoric (54.69 was the lowest on 11/28)

tops in an impulsive up usually get into mid 40's.

chief's climax studies are good until 12/19 and then we have before and after Christmas which seasonally is good.

WWW is tomorrow - I'm expecting a churn with negative bias through tomorrow then a nice rally into the week of Christmas.

January and February are toss ups, but in a bull - surprises are to the plus side.

I've quite a few long term puts expiring in January these next 45 days will be very profitable if we just go sideways - so I'm talking my book.<smile>

I always learn something from your posts VTX ? I'm not familiar.

Oil has had quite a run.

If it were to continue the shale boys would screw it up - side ways and up to the 60's would be good.

Beyond that and Vladimir would be calling Trump. lol

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To: robert b furman who wrote (94570)12/6/2016 9:17:08 PM
From: William H Huebl
   of 94677
 
I don't know whether you can get the chart in the link below.

VTX is the vortex indicator and I have drawn red lines eventually coming to a point in the future which are at the top of the red (-VI) moves and bottom of the green (+VI) moves. When the trend line(s) is/are broken, that is an indication that the move has completed and I would expect a sell-off at that point.

BWDIK

schrts.co

Another indication the move is almost over for cnnx is that all 3 type point and figure charts = traditional, percentage and atr show little possibility imho of a move up any more. In fact, atr shows the significant overhead that price needs to get through to go on to bigger and better things. It does show the possibility of a bit more on the upside, tho. But I wouldn't want to be the presidency on it (heehee).

Compare those PnFs to SPY and you will see a clear bull move up underway with no overhead.

As always, my own opinion with no guarantees and not an offer to sell, buy, or otherwise trade any stocks or other vehicle. I am not registered as such and you cannot depend on my observations to be other than IMHO.

Is that a CYA or what?

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To: William H Huebl who wrote (94571)12/6/2016 11:22:57 PM
From: robert b furman
   of 94677
 
Hi Bill,

Link worked.

Always learn from your thorough analysis.

Yes cnnx needs a rest - I sold puts on it and it has since doubled - shows how smart I am - but it was a profit.<smile>

Not a what, definitely a CYA!

You do good work - Thank You !!

Bob

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To: robert b furman who wrote (94572)12/8/2016 12:01:55 PM
From: William H Huebl
   of 94677
 
Thank you for your kind words.

And yes, CNNX looks vulnerable to a pull-back here.

If you look at the bottom trendline on RSI 44 you will see several hints of a breakdown coming.

BTW, RSI 44 on SPY shows the anticipated sell-off before election day and then the bullish breakout through the upper trendline recently.

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To: John Carson who wrote (89059)12/11/2016 12:30:59 PM
From: da_cheif™
   of 94677
 
why not:>:)

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To: John Carson who wrote (89059)1/16/2017 5:54:14 PM
From: da_cheif™
   of 94677
 
this is your last post since 09 recommending a short etf .....and where have you been for the last 7 years

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To: robert b furman who wrote (94572)1/27/2017 8:38:56 PM
From: William H Huebl
   of 94677
 
Doesn't look like it is resting at all.

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To: William H Huebl who wrote (94576)1/28/2017 11:03:03 AM
From: robert b furman
   of 94677
 
Hi Bill,

The one that got away - now a triple in almost exactly a year.

That's the one I should've backed the truck up on!

woulda, coulda, shoulda, - all I know is you are famous for the one I always remember:

IATL = It Always Takes Longer

Bob

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