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Gold/Mining/Energy : Peak Oil, or Oil Bubble? -- Ignore unavailable to you. Want to Upgrade?

To: saveslivesbyday who wrote (198)	7/14/2008 10:28:36 AM
From: John Vosilla	Read Replies (2) \| Respond to of 229

You certainly have to adjust..throw the other stuff out the window but the TA, the cycles, they never change, nor does the public seemingly always so tied into the story of the moment.. Just the fact everyone talks so much about the housing/mortgage crisis these days tells me that play is not where to concentrate on at least with regards to the stock market.. No one is out in front of that story anymore like we were in 2005-06.. Now it is all a game of Wall Street playing the global margin call on RE and the regional banks being opportunistic for their own personal gain and thus riding their coatails.. I thought Russ Winter had an awesome blog this weekend..parabolic VIX gives the chance for incredible percentage gains on the long side with the smartest of money in GS trading account<g>.. Perhaps oil going down hard and DUG up are fuel for that fire? I don't know if oil being up today is the main reason the market sold off hard on the fake attempt to rally financials at the open?

To: saveslivesbyday who wrote (198)	7/17/2008 5:35:25 PM
From: Peter V	Respond to of 229

From ino.com August crude oil closed down $5.10 at $129.50 a barrel today. Prices closed near the session low and hit a fresh five-week low today. The past three days of losses are the largest three-day declines in the history of crude oil futures trading. Serious near-term chart damage has been inflicted to begin to suggest that at least a near- term market top is in place. August heating oil closed down 939 points at $3.7471 today. Prices closed near the session low today and hit a fresh three-week low. Bulls still have the overall technical advantage but are fading badly. August (RBOB) unleaded gasoline closed down 1,144 points at $3.1650 today. Prices closed nearer the session low today and hit another fresh five-week low. Bulls but have faded badly this week as serious near-term chart damage has been inflicted. August natural gas closed down 84.3 cents at $10.555 today. Prices hit a fresh three-month low today amid bearish "outside markets"--namely sharply lower crude oil prices. Serious chart damage has occurred to suggest a market top is in place. Prices are in a steep two-week-old downtrend on the daily bar chart.