Playing the QQQQ with Terry and friends. Message Board

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Strategies & Market Trends : Playing the QQQQ with Terry and friends.

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To: J.K. who wrote (1125)	7/5/2005 3:47:15 AM
From: Walkingshadow	Read Replies (1) of 4814

As I write this, oil is once again trading up not far from $59, with a bullish-looking candle for the session. But I think it's gonna crash and burn, at least down to about $55 or lower. Volume is low. Profit taking is gonna hit with a vengeance. futuresource.com Medium and long-term, oil still looks pretty strong. It is just rather overextended now, and driven by speculation a bit too much to sustain these prices for the time being. T

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