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To: rubbersoul who wrote (3817)11/24/2008 1:50:36 AM
From: LTK007  Read Replies (1) | Respond to of 3906
 
Markets notes 1:40am 11/24:i will be nibbling at DXO at the open(2xlong Crude at the open)
it closed 3.17. If there is large gap at open i will wait.
Up to 3.35 i estimate as acceptable entry. i will start with 4k shares.

if it were to move close to 2 i would double up.

Venezuela is callinf for OPEC cut, problem is arabians seem to cheating. They can't increase their production, but it is thought they haven't.
U.S. is now flooding the world with dollars, the printing press is not stopping for a second.
SPX futures to get fair value one must subtract 10point. So with SPX futures now at +10, are actually at No Change as in zero.(so don't be fooled--remember, subtract 10)

Ted Spread still at a headt 2.12 to 1, remember t is only viewed as stable and A'O.K., at ration of 00.50, so is still 4 times normal.More in next post.

Citi group just got a 306 billion loan gurauntee from U.S. , plus just received ANOTHER 25 billion in printing press money from U.S.
Crude up 68cent AH at moment.
USD at monent down against the yen and euro as depth of U.S.recession is now being sen as more severe.