this is the ETF that tracks two-times the energy index
technical indicators are at extreme oversold levels and about to turn up the all time low for HEU was reached several times on nov 20, dec 5 and dec 24th in the 3.40-3.75 range. it reached as high as $6.05 on jan 06 2009, but it has since given […]
this is uncanny. using a “money flow” technical indicator, past extremes in the recent past in 2008 for the energy sector have been:
May21st overbought
July 9th oversold
Aug 29th overbought
Oct 16th oversold
Dec 5th overbought
sorry, december 5th hasn’t happened yet. for that matter, November 5th hasn’t happened yet either. How did I get december 5th?
May21-July 9th 49 days
July 9 - […]
from looking at charts, dates for the past (technical) highs for HEU:
may 21st
Aug 28th
with interim lows at jul8th and oct 16th
adding the dates and days in between up………………………….
we are looking at about a 14 week cycle with about equal lengths of time from peak to trough and return.
this is about 3 and half months. useful […]