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Stock trading the now with short term reliable pattern
Monday, December 5, 2005

Symmetrical Triangle Chart Patterns (When we are talking about symmetrical triangles that are only a month or two in my view "that is a horse of a different color". The symmetrical triangle such as the SMH that has taken years could be an example of patterns within patterns or just about a dozen different possibilities (lower odds of getting lucky). That is likely the biggest difference between those trying to trade the "now" and those trying to land the big score on a massive reversal that may or may not happen. Might as well go Vegas and throw the dice..........

 


From a time perspective, triangles are usually considered to be intermediate patterns. Usually, it takes longer than a month to form a triangle. Seldom will a triangle last longer than three months. If a triangle pattern does take longer than three months to complete, Murphy advises that the formation will take on major trend significance.........Learn More



$OOG
stock charts
TICKER
NAME
ASSIGNED SHARES
PRICE
WEIGHT
APA
Apache Corp.
328,847,000
68.18
4.95%
APC
Anadarko Petroleum
236,344,000
93.49
4.87%
BHI
Baker Hughes
340,675,000
59.41
4.46%
BJS
BJ Services
322,344,000
38.3
2.72%
BR
Burlington Resources
381,048,000
74.31
6.25%
CEO UN
CNOOC Limited (ADR)
120,536,526
69.22
1.84%
CNQ UN
Canadian Natural Resources Ltd. (US)
536,949,495
47.9
5.67%
DVN
Devon Energy Corp.
453,218,000
62.29
6.23%
ECA UN
EnCana Corp. (US)
860,854,317
47.24
8.97%
EOG
EOG Resources
240,102,000
75.19
3.98%
GSF
GlobalSantaFe Corp.
192,347,400
46.81
1.99%
HAL
Halliburton Co.
508,307,000
65.83
7.38%
KMG
Kerr-McGee
115,364,000
90.3
2.30%
NBR
Nabors Industries Ltd.
157,464,000
71.71
2.49%
RIG
Transocean Inc.
328,775,000
66.16
4.80%
SLB
Schlumberger Ltd.
588,302,000
98.99
12.84%
SSL
Sasol LTD
532,105,494
33.1
3.88%
TLM UN
Talisman Energy (US)
367,272,515
50.35
4.08%
VLO
Valero Energy
305,599,000
101.8
6.86%
XTO
XTO Energy Inc.
361,274,000
43.12
3.44%


Dec 01, 2005 Symmetrical Continuation Triangle (Bullish) $92.65 Target $99.50 - $101.50
stock charts


Dec 01, 2005 Ascending Continuation Triangle $74.68 Target $84.00 - $86.00

stock charts


Dec 01, 2005 Symmetrical Continuation Triangle (Bullish) $101.10 $113.00 - $116.00

stock charts
OIL HELD KEY PRICE LAST MONTH
stock charts
NEXT TARGET WAS IDENTIFIED LAST WEEK AND THIS MORNING AS OF 5:15AM CENTRAL TIME WE HIT IT CURRENTLY SITTING AT $60.00
stock charts