Hi lplate, I'm a little confused as to why you think the crude chart is too perfect? As the Mansfield Relative Strength is negative, and volume is below average. Next resistance is last years high around $115 and it's outperformed the S&P 500 since the October low by around 6%. So I personally think for it to become Stage 2 that it needs to break up towards the $115 level, where it will meet resistance, pullback, and then breakout again above that short term high. Only then on that breakout will it be Stage 2 for me. It broke above the current Stage 1 range last week, so hence my change to Stage 1B. But it could be in the Stage 1B for a while and might never reach Stage 2. All you can do is trade the moves if they occur imo, and I certainly wouldn't use the USO as it has huge contango issues and tracks the price of crude very badly.isa, Crude shows a problem with Weinstein system on very well publicised instruments, I think, that when the world is very bullish on something, the chart looks too perfect, and money looks easy, there is suspicion of being suckered in. CLJ12 | Commodity Futures Price Chart for Crude Oil WTI April 2012
Assuming it (and USO) fully break next week, it does not have an "investor" feel to it, I think.
(P.S. USO is a weak CL tracker ETF, but is what many people will buy, rather than CL. United States Oil Fund LP, USO Advanced Chart - (NAR) USO, United States Oil Fund LP Stock Price - BigCharts.com )