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Strategies & Market Trends : CFZ E-Wiggle Workspace
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To: rayrohn who wrote (9805)1/14/2009 9:45:01 AM
From: skinowski  Read Replies (1) of 41587
 
I lightened up on my energy holdings last week, when oil hit 50 - wish I sold more. But generally, with all the craziness and stupidity out there, the bailouts, the printing and what not, I still think that at these levels holding some energy related positions is not a bad insurance policy. We are still in a deflationary situation, and it's far from over... but when - and how fast - it may reverse, no one knows.

Short term, the "post-Christmas rally" was impulsive - and DXO didn't even touch the 50% retracement level. So far it looks OK.
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