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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Big Dog who wrote (38772)1/27/2005 7:45:19 AM
From: GREENLAW4-7  Read Replies (1) of 206322
 
Opinions wanted! OSX has rallied the last 2-3 weeks on the heels of Crude's advance rom 42-50 area. The last 5 days Crude has retreated back to 46-47 area and OSX has held all of its gains.

Supply seems to be gaining and if you believe the EIA report there is plentyof supply for this period of the year. Crude is still banging up on the 50BBL even as data continues to show storage should be picking up over next 6-8 weeks as we head into shoulder period.

Regarding fundamentals they seem to still be lagging the last OSX bull period in 2000-2001 but for the most past are not bad.

All of that said, are we closer to a TOP at 130 where I have always said would be the time to sell and look out 6-9 months or is OSX on its way to 140??

I have to admit I am lost and very confused with the manner of how these stocks are trading. I have not added to my shorts but will at some point looking for the inflextion point. Nat gas seems to be normal to slightly bearish from a supply and time period.

Someone PM'd me and made a great theory that Crude is being manipulated by the traders to play on the OPEC and IRAQ election's this weekend. He told me to expect asubstantial spike to 44-46 area once the lction is over and OPEC refuses o cut producton. That being said OSX is still holding much better then even i would have expected aboe the 126-127 area.

From the nmber of post's lately I guess I am not the only lost and confused trader in OSX land.
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