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To: Crimson Ghost who wrote (3814)11/22/2008 7:29:26 PM
From: LTK007  Respond to of 3906
 
<<Sanford Bernstein projecting an average oil price of $70 in 2009 and $80 in 2010>> i think they are right even without anything happening, you know, like that not good stuff we talk about elsewhere: let's just call the PGS(Persian Gulf Stuff).Max.
i am watching USO mos def. Max



To: Crimson Ghost who wrote (3814)11/22/2008 7:41:21 PM
From: LTK007  Read Replies (1) | Respond to of 3906
 
i just learned of an ultra long crude ETF----"yumpin-yiminy, that's a tantalizer! Batman":)
DXO, and its volume has been leaping upwards from quite small to over 3million shares a day as people are trying to get that bottom. Now 3 down from 27.
i have JUST discovered this, this it NOT! a recommendation, i just want to learn about the set up with DXO.Max



To: Crimson Ghost who wrote (3814)11/22/2008 8:23:25 PM
From: rubbersoul1 Recommendation  Read Replies (1) | Respond to of 3906
 
From RUSSELL:

Late Notes -- Despite the 494 point rise in the Dow, the market's internals were poor. There were 2 highs and 1245 new lows. Meanwhile, Lowry's Buying Power Index is breaking to new lows while their Selling Pressure Index is registering new highs -- a lethal combination. My PTI rebounded up 7 points to 5848, still 46 points below its moving average -- bearish. After the 90% down days of Nov. 17 and 20, today is part of the expected rebound.

The gold action was bullish and for a change they didn't sell it off. Gold closed near its high for the day. Are the gold bears finally throwing in the towel?

CG: I thought it was strange how gold just sat at 800 for a couple of hours on Friday, as if it was being held there. I'm a little paranoid so I thought the big boys were trying to lure investors in to buy gold stocks...or perhaps it was being held back by the cartel....