Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Real Man who wrote (85430)	2/14/2009 10:56:26 PM
From: GROUND ZERO™	Read Replies (2) of 94695

I've also noticed another thing about these oil ETF's... everyone of them is in a major decline despite the fact that the futures market has leveled off in recent weeks, not counting this past week's price break lower... But now, presuming these ETF's follow the futures contract, then once the futures contract goes off the board, then only one of two possible things can occur... one, that the ETF pops up a few points to meet the higher price of the next futures contract as these monthly contracts roll over and prices move lower towards the current cash market, OR the ETF simply continues lower regardless and without any pop... it may be the latter, since I don't see any upward pops in the ETF charts... if this is the case, then all these ETF's will simply continue lower until they get down to .01 and finally go off the board as worthless... this would mean that these ETF's are nothing but a hopeless hoax and cannot rally... It seems only one of the two above possibilities can occur... where am I going wrong, what am I missing here? GZ

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