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Gold/Mining/Energy : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?

To: timis who wrote (7294)	3/1/2006 2:22:54 PM
From: Mac	Respond to of 25575

Agreed : PBG , CWPC ,CLL all look like they may be starting reversals today.

To: timis who wrote (7294)	3/1/2006 3:20:24 PM
From: Taikun	Respond to of 25575

Timis, You are right that noone knows for sure and hence once up day doesnt make a trend. Bottom-pickers are never right 100% of the time and neither is jumping onto a move after it is up 5, 10 or maybe 25% BUT jumping onto a strong trend in place is always lower risk than bottom picking. (Talking trading positions here). I suppose some would argue that leaves too much profits on he table, so if you can trade that all the power! For individual postions, like for example the trade today in MSEV from yesterday's oversold 0.17 to 0.19 are there for the pillaging! XLE, currently has negative CMF and negative MACD, and a drop to the 50dma would take 15% off the current trading price to take it to 48.05. I guess it depends what you want. For trading positions I want a low risk entry. For an investor with zero oil sands here is pretty good to add SYN, CLL, PBG but I would say 1/3 or 1/2 position at most. These markets need liquidity and what is it going to cost to wage war in Iran? How much money will that require? This is the bear case for the markets I think, as liquidity extraction on the back of higher US, Japanese rates will hurt equities despite a rising commodity price for oil I think investors will demand a higher premium on US Treasuries if the US gets embroiled in Iran, or Iraq drops into civil war. And that is the case for caution here. This is the first trading day of the month, I dont want to read too much into it. D