Booms, Busts, and Recoveries 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 : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: tradermike_1999 who started this subject	8/4/2004 1:00:12 PM
From: macavity	Read Replies (1) of 74559

Oil at Record highs. All the news is going on about it and the market is in go-go mood. Fundamentally. 1) I believe that any demand in the current economic bull is drying out. 2) The rally/carry-trade was a technical engineered one due to excess dollar liquidity Technically. The $SOX is leading the way down (it did lead the way up, suggesting that the rally impressive though it was was a counter-trend one). It has broken its 55wk EMA. The baltic index appears to have peaked (requires confirmation). The dollar has found friends, and gold appears to be unable to rally above 55wk EMA (for now). In a non-fiat world we would be screaming deflation and a lack of demand. Just shorted an Oil e-mini (QM) and will add to on weakness ( a new low in daily bar charts and a new low on weekly). Who knows? - not me! -macavity

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next