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


To: Archie Meeties who wrote (200)7/17/2008 7:39:08 PM
From: John Vosilla  Read Replies (1) | Respond to of 229
 
I didn't time the ETF's the way I would have liked but in theory it worked as planned but didn't get the gap down open on parabolic VIX. We are on a wave up for stocks tied to the economy with lower oil prices at least temporarily a driver to moving stocks back up.. Not in DUG or UYG at this time but bought a ton of stocks like Office Depot, Borders and several tech for this bounce at distressed decade bottoms and have little risk to the credit or oil crisis'.. Possible UYG goes up to the declining 200 dma and SKF down to the rising 200 dma before the next leg down later this summer or early fall which might be the ultimate crash bottom? Amazing so few talk about the 8-9 month cycle bottoms with a minibottom somewhere in the middle.. VIX and the charts did there thing too.. You had the cover of USA Today and most major newspapers yesterday as doom and gloom as you can get icing on the cake. I really don't know how folks can be such perma bears or perma bulls and survive the stock market casino..