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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (60076)	2/18/2006 10:56:40 AM
From: ChanceIs	Read Replies (1) \| Respond to of 206199

>>>it will not go straight down. Nothing works that way.<<< Thank you for your thoughtful response. I suspect that you are correct. Sometimes its better to just wait on the sidelines. Technically nothing drops straight down, but the PTEN drop from $17.82 for the week of 5/21/01 to $7.02 for the week of 7/16/01 gets really close to a straight line. You can see this on Big Charts using the Java feature with ten years selected. This is the direct link to that picture, but I suspect you will land somewhere higher up in Big Charts. bigcharts.marketwatch.com It is worth consulting or spending the extra time to find it. Should history repeat itself???? Of course not. Parallels to 2001: hugely bearish storage changes, lots of hype in the press, Differences from 2001: no stock market bubble today, in 2001 Hubbert's Peak not in the lexicon (well a few of us were reading Simmons, but not many), in 2001 the economy just entered a recession - interest rates falling, (we may actually be close to 2001 here in this regard), California crisis & NG bubble just popped (first excursion over $10 for NG), Enron starting to fail, FERC price caps on electric.