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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (14491)	11/1/2004 3:00:23 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 116555

Interesting that speculators feel that way....it's always a more meaningful indicator when people are betting with real money.....

To: mishedlo who wrote (14491)	11/1/2004 3:05:52 PM
From: Haim R. Branisteanu	Respond to of 116555

more BS resulting from price moves speculators do not understand. About 10 days ago , possible more OPEC President told those who wanted to listen that by end of October oil prices will fall. The reasoning behind that was that it takes time for the increased production of crude oil from ME Africa and Russia to arrive to US ports and more so for the distillated products from the same regions and Europe. So the smart money who are watching the real world and the amount of oil tankers docking at US ports and their content, started selling last week. Word spread around the stops loss were triggered those reading and trading charts searched for an excuse - Kerry win Not to mention that the rise in crude over the weekend was due to treats of a new strike of oil workers in Nigeria. If I am not mistaken, it will take some time for the Kerry administration to enter into their posts and the rumor of release of the strategic reserve will be a bit late, as it also must go trough an formal bidding process before hitting the crude oil markets. As such the Kerry effect is all bogus and invented by losers. (BTW I mentioned many days ago when crude oil failed to cross the $56/$57 range that we are topping or even reversing) many times all those interpretations are plain amusing me