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To: LTK007 who wrote (298)1/25/2007 6:24:33 PM
From: stormrider1  Read Replies (4) | Respond to of 694
 
Market is still showing ZERO FEAR, we have extreme complacency.

Agreed, but when we see these kind of wild up and down daily moves it usually indicates a MAJOR move is coming down the pike; the question is up or down? I don't pretend to have a clue the way this past year has played out. I know when I view what is going on around me it should be down, but that means absolutely nothing. Hell, the fed could increase interest rates by a full point in this environment and I believe the dip buyers would still show up. I view this market with contempt as it is nothing more than a roll of the dice imo.

I think you're making a good move with regard to crude. The people out there calling for $30 oil are wearing rose colored glasses.

Mike