Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 689.46

-0.9%

Feb 3 4:00 PM EST

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To: Keith Feral who wrote (41433)	12/7/2012 9:20:17 AM
From: Fintas	Read Replies (1) of 222827

A bit back when oil was at 65 I called 110 to the chagrin of many elsewhere. Took a lot of hits and snipes until 110 nymex was hit and it peaked if I remember at 116. Well I've said under 72 will be tough. VERY tough and for reasons other that simple supply demand. So you can hope for your 65 again. I'll stay with my 72 which by the way is no shoe in. On an aside I also had that 36 previous low after crude had peaked and before the collapse of 2008. What's it mean. Although I don't short. THE downside is easier to see with PNF if one is good at it. If you are skilled with Point and Figure take a peek using several value boxes: 3/6/9/12 for the Nymex. You should see what it will be hard to get to that 65 Nymex Oh and lots of good stuff in your post. Thanks. Fintas

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