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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (1411)	7/19/2008 10:31:01 PM
From: skinowski	Read Replies (1) \| Respond to of 3209

Actually, I like this a lot, Patron. You labeled an impulsive leg in letters - that should be changed to numerals. However, far more importantly, I think you made a very good bullish case for Oil. It certainly does appear that the larger advance still has room to go on. Fwiw, the structures, as you illustrated, do not seem completed - and the bull market which started in 1999 is unlikely to be over.

To: patron_anejo_por_favor who wrote (1411)	7/20/2008 8:44:24 AM
From: frigengenius	Respond to of 3209

Oil's not my bag baby...lol. Common sense says that chart goes up until the last drop is gone....Long term common sense. Trying to nail the bottoms amd tops take oil experience....can't help there. So my strategy on oil would be to buy the dips and hold LONG TERM...like in an IRA or college fund. Near term it is playing with fire. I'd rather stick to the QQQQ's where it's more predictable. Oil will run out someday....bullshiXXers won't. $}}

To: patron_anejo_por_favor who wrote (1411)	7/20/2008 7:25:19 PM
From: AllansAlias	Respond to of 3209

Agree with ski. I make oil only being in a 4th wave correction. This means new highs some months from now and then many months ( a couple of years) of downward correction.

To: patron_anejo_por_favor who wrote (1411)	7/20/2008 7:31:56 PM
From: Rarebird	Respond to of 3209

Oil is on a significant support line. If the top isn't in, it will rally from here. If the top is in, the support line will turn into a resistance line on further rallies.