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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (9510)5/29/2008 3:41:28 PM
From: Terry Whitman  Respond to of 33421
 
You are probably right about being close to the end, but if I've learned anything from previous experience, it's that trends persist longer than just about anyone can believe possible.

The only reason I think oil could go somewhat higher is the old rule of parabolas: Generally, a parabolic rise ends in a parabolic drop. Haven't seen anything close to that yet- but today would be a good start!



To: The Ox who wrote (9510)5/31/2008 2:37:59 AM
From: Elroy  Read Replies (1) | Respond to of 33421
 
I think that we are close to the end of the oil run, if not already there.

We're close to the end of the oil bubble. I'm the indicator. Bubbles follow me around, and when I go, they pop.

I lived in Japan from '87-'92. Japan's property/asset/stock market bubble popped in '91.

I lived in San Francisco from '95-'00. Tech/telecom bubble popped in '00.

I moved to the United Arab Emirates in '00. I'm leaving the country this October.......


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