20060428 Interesting rebound after 4 days down. 

Crude Oil futures chart

20060427 QM would have given a buy signal yesterday on the opening of the electronic session, but we missed it. Would have been a stop out though. Well, so much for all the doom soothsayers who predicted the continuation of the exponential move to US100 per barrel due to blah blah Iran, demand etc. China surprise rate hike announcement looks to continue the crash in the crude oil price. 

Crude Oil futures chart

20060424 Drops on an overbought blow off top pattern. Didn't fulfil out count of 3 for the short. 

Crude Oil futures chart

20060421 Crude oil ends above US75. Most importantly it is the first up candle in the count of 3. 

Crude Oil futures chart

20060420 Count is at 2 down. 

Crude Oil futures chart

20060420 After going into a 0.20 floating profit, trade eventually turned into a loss on trailing stop. Count strts at 1 up again. 

Crude Oil futures chart

20060419 9:20 am EST. Outcome of the short. 

Crude Oil futures chart

20060418 3 higher closes in row, indicates short @ 71.15. 

Crude Oil futures chart

20060417 2nd day up, hopefully we can get another up day to go short. 

Crude Oil futures chart

20060413 QM has not fired off any signals recently, still waiting for the 3 consecutive up candles or down candles. 

Crude Oil futures chart

20060411 Working on the 3rd day up today. If can close up, gives a short signal. 

Crude Oil futures chart

20060410 Working on only 1st up candlestick, no signal. 

Crude Oil futures chart

20060407 No 3rd consecutive days of gains leading to no signal. Count restarts. 

Crude Oil futures chart

20060406 Count is at 2. If today can be an up candle, indications are for short tomorrow on open. 

Crude Oil futures chart

20060406 Working on 2 nd day up. 

Crude Oil futures chart

20060403 Candlestick count starts at 1. 

Crude Oil futures chart