John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: nspolar who wrote (9449)	5/22/2008 3:45:45 PM
From: John Pitera	Read Replies (2) of 33421

Hi F, I still believe we put the top in crude yesterday as we got to the 132.65 + an extra two bucks for a leeway window. These were the numbers that you and I had come up with about 3 weeks ago here on the thread.... We actually had to tamp down our bullish/inflationary exuburence a fair bit at that point in time. I have an excellent story that was told to me live by the Head of the NYMEX in Houston in 1997, Her name was denise palmer huggins and she had some tremendous insights as to how the long dated strip of the Nymex crude contract had great predictive value of future price trends. Let me see about posting that latter today. John

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