Re: hugo, about the OJ?


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Re: hugo, about the OJ?

Posted By: stewball
Date: Saturday, 10 May 2008, at 9:03 p.m.

In Response To: Re: hugo, about the OJ? (drmarty)

July OJ looks to be forming a triangkle at the end of its channel. With low vol, this is not real exciting until looking at the weekly chart. It is coming off a 2 year low and has broken a 5 month downtrend. The last time it dropped below 110 was sept 05. I would look for a move to 130 then 138 on a follow thru of a breakout over 125.
Volume has always been thin late spring to mid-summer, but around july 07, average volume dropped about 50% and has stayed way down since . Why ??? Haven't cared enough about it to research, but now getting curious.
For me, the volume is too low, and the volitility and margin too high. The risk/reward equation tends to keep me out of this market.

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Messages In This Thread

hugo, about the OJ? (views:107)
chet -- Friday, 9 May 2008, at 10:45 p.m.
- Re: hugo, about the OJ? (views:101)
  drmarty -- Saturday, 10 May 2008, at 1:51 p.m.
  - (Message Deleted by Poster) (views:12)
    USCoralSea -- Saturday, 10 May 2008, at 2:54 p.m.
  - Re: hugo, about the OJ? (views:92)
    stewball -- Saturday, 10 May 2008, at 9:03 p.m.
    - Re: about the OJ? stewball et al... *PIC* (views:97)
      chet -- Sunday, 11 May 2008, at 10:08 p.m.
      - Re: about the OJ? Weekly *PIC* (views:73)
        chet -- Sunday, 11 May 2008, at 10:36 p.m.
      - about the OJ? Daily this AM +3.3cents *PIC* (views:85)
        chet -- Monday, 12 May 2008, at 7:24 a.m.
- Re: hugo, about the OJ? (views:83)
  hugo -- Tuesday, 13 May 2008, at 11:04 a.m.

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