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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (129615)2/15/2006 8:13:16 PM
From: Galirayo  Read Replies (3) of 209892
 
>>Seems like nobody's willing to stand up and say oil may be heading for a good down....afraid of being laughed at...gg<<

I've been saying that Crude was Headed for A Drubbing for a while now ..
Message 21994181

USD vs WTIC .. Notice anything interesting?

stockcharts.com

Hey .. I was Drooling over a Head and Shoulders Breakdown in Crude just in last the couple of months. Now it's done one of those Double Tops to Shake my Ideas and Confidence. Those Double Tops have done Nothing Substantial and Lasting to Crude as far as bringing it down.

The Pres came out and said " Government Bucks for Alt Energy " and OPEC said we'll Produce more so you can stay addicted to our Oil.

We're at the Point ... that there is No Place to Store all the Oil .. But it's not Light Sweet.

The Entire Problem is .. we don't have enuff Refineries to do Heavy Crude. It's the Quality of Oil that is the Problem and the Scarcity of Proper Distilling Plants :) .. for the Crude we have in abundance.

From 3/10/2005 ....
Message 21123184
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