The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: russwinter who wrote (43456)	10/16/2005 3:53:34 AM
From: jimsioi	of 110194

Russ, Frank Barbera on Energy I think this is the reference you are suggesting people read by Mr. Barbera.. financialsense.com In which he couches all of his bullishness with this... "In order for Crude Oil to maintain the upside potential of a forthcoming 5th wave, it will be imperative for prices to hold above the April 4th high of $59.70 on the perpetual contract which on the nearby Nov. Crude contract comes in at about $61.40. A break below $61.40 on nearby Crude and especially below $59.00 (allowing for some slippage and a small margin of error) would imply that the peak in Crude Oil has already been seen." So we go higher unless the peak has been seen? Gosh, I could have said that......I'm beginning to think risk reward favors cash...Actually, have been thinking and acting that way for a while.. More interested in energy longs once we have this correction in energy commodities run its course .... ie $56 Crude and $11-12 Nat Gas... Show me Crude over $64.50, Frank, and I'll be encouraged that what energy positions I still retain will outperform cash.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next