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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: CommanderCricket who wrote (121210)	5/30/2009 9:46:01 AM
From: GREENLAW4-7	1 Recommendation Respond to of 206334

I do not disagree, but its on very speculative thin ice up here. The stocks are very ahead of themselves, and could get creamed once oil comes in. I am looking for bounce in Dollar, and a quick dump in crude back to 57-60 area. We could reset there and head higher but 72 is my near term top. Hitorically when crude rose on fluff and economy still contracting its a recipe for disaster to be long energy, IMVHO. I am looking for short entries on Mondays pop in crude. I believe market will make a false break over the 200dma, then dumphard back to 780-800 SPX. Congrats to those who bought osx in March, its been a double!