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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: $Mogul who wrote (78834)5/7/2008 11:53:59 AM
From: westpacific  Read Replies (1) of 116555
 
Crude

PF target 127, why you think GS pumped it, its called selling this top to idiots.

Lower B Bands
Weekly 82.80 with MACD at insanity overbought! 10

Monthly 42.74 and downtrending since July 2007 with MACD at beyond insanity overbought! 15

A perfect 5 wave count blowoff top of the 1998 low of 11.40!

A pullback to $60 is doable on an A/B/C correction.......

----and also we are topping in May, the big downtrend begins in early June.....at latest. My bottom buy target is not October but more likely December.

West
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