OXY_Weekly Trend Model
Occidental Petroleum will always have a place in my heart. It was the summer of 1978 and I was on vacation in Chilmark, Martha's Vineyard. During a rare bout with sobriety I purchased some OXY options that tripled in value in the ten days I was on holiday. This was a time before personal computers, cell phones, or instant quotes, just me, a transistor radio on the nude beach, a dial-up phone at the cottage and a Merrill Lynch broker in Atlanta. The birth of a career, a passion and a new found respect for lucidity even when all those around you are crumbling into chaos and debauchery.
SCO_Daily Trend Model
The investment will seek to replicate, net of expenses, twice the inverse daily performance of the Dow Jones AIG Crude Oil Sub-Index.
Note the pattern of whips-saws followed by huge percentage gains. Discipline and money management are all that need be added to this model.
SCO_15 Trend Model
Although I don't presently trade this 15 minute model, the chart makes a compelling case for doing so.
Market Notes
I am not going to use the C word today, but the elements are building and I'll likely be going into a more detailed evaluation of the potential in my Weekend Update.
