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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (22690)	3/11/2005 8:33:08 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 108934

re: [Crude could break hard and still be at $44."] ...exactly ! For the underlying Energy stocks... it's all about THE TREND - period. Where were Energy stocks priced at - prior to this recent parabolic run up ? Technically - Crude is potentially forming a Textbook Classic Double Top / Head & Shoulders formation. The next shoulder down takes us to $33-$45. - those levels given the USD and supply/demand levels seem "fair value" to me. The "BET"...is where will Energy Stocks go with a $10-$20 decline in Crude Prices from here ? It's called "cyclical" for a rather obvious reason. The biggest mistake most cyclical investors make - is trading them like growth stocks. tic` toc' ...it takes 2 sides to make a market; I appreciate your points and the intelligent feedback here on the thread. Bulls couldn't get paid without the existance of Bears and vice versa ~ Viva le difference` good luck all...busy day today. Message 21124682