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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: Galirayo who wrote (9413)11/23/2008 9:40:00 PM
From: skinowski  Read Replies (2) of 41414
 
don't expect the Blip Up in Crude to Last

How do you know? The rally from S/R about 50 up to almost 150 is fully retraced, even with a little overshoot... Sentiment is bearish towards energies. Prices are down, usage must be up... production declining. Liquidation by hedgies may be concluding. May not go much lower.
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