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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: SliderOnTheBlack	3/11/2005 8:25:07 AM
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Crude Oil ...fasten your chin straps today ~ The good news: IEA reports upward revisions of 500k in Chinese Demand and storage draw downs. The bad news: Crude down -.50/.60 cents on the news in Europe. The Spec's have been able to Rally Crude Oil on myth, rumor, Sabre Rattling, snowflakes, misquote & innuendo of late. If Crude Oil fails to rally today with this positive news....EXHAUSTION has set in and gravity will follow. Key Day for Energy Stocks & Crude Oil today... very key. Energy Stocks have shown declining price action on heavy volume... never a good thing. For the Technical aficionados; a potential classic Double Top Head & Shoulders formation is appearing in Crude Oil with the next shoulder taking Crude back down to a band of $33-$45. While this is still an obviously very attractive price level...that is not the question. The question is the trend. The question is where were many of these Energy Stocks valued prior to this recent parabolic run - at that Crude Price level ? ...buckle up - it's going to be an interesting day today. PS: Ed Ajt... re: Baseball ? ...yes; you could say that. And fwiw: The 3 best "Sliders" other than mwah... Carlton Guidry J.R. Richard ;}

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