John Pitera's Market Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: The Ox who wrote (9502)	12/15/2015 8:09:05 PM
From: John Pitera	Read Replies (2) of 33421

The wild and wooly Crude Market of 2008-2009... $33-$34 is major support from back then and I have to had it to you OX you were very prescient on Crude being able to run to near $160 before they it and the entire commodity complex out at mid year. As we can see Natural Gas was at substantially higher levels back in 2008. If you want to see an excellent example of were you can get in major trouble looking for a trend change or significant rally due to a double or triple momentum divergence just look at Natural Gas RSI back in July and August of 2008...... Natural Gas was a market in a high momentum collapse in price ( as were so many markets that fall) 2008 was also the last time you saw NG in double digits ..... it had 2 years were it's price top was about $6 and otherwise it has not been able to trade north of $4..... Natural Gas is currently so depressed in price that we have to go back to 1999 to see a price this low... with prices nearly this low briefly in 2001 and 2012. JJP

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next