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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: Proud Deplorable who wrote (164328)6/11/2009 8:53:40 PM
From: robnhood  Read Replies (2) | Respond to of 313641
 
All stocks and commodities can be charted, oil included.
The interpretation of charts are the tough part , especially the further to the right side of the page that you go.



To: Proud Deplorable who wrote (164328)6/11/2009 9:33:24 PM
From: marcos  Read Replies (1) | Respond to of 313641
 
Uh-huh, and what happens when they run out of storage capacity ... right, they'll build more, and then what ... it might pay to keep an eye open on things the chinese have stocked up on, remember that they're real stocked up on the $usd and look what's happening there ... Sumitomo once stocked up on copper bigtime, took years to recover

Maund is a better read than Nadler, i maintain, if you prefer Nadler that just makes you weird that's all, few here will be surprised ... M did call the top in crude last july, i remember that even without him mentioning it now, he gets the odd thing right and is prepared to change sides in a flash when situations change, which i like because it means his mind is not closed in the way those of permabull/permabear minds are ... i played lots of oilsands juniors february to may because it was said that oil historically rises in that period, well now it's june ... as for horse manure, my expertise will blow yours away hands down, been spreading tons of it this very day in the garden, think there might be bits on the keys here actually



To: Proud Deplorable who wrote (164328)6/11/2009 10:08:11 PM
From: SwampDogg  Read Replies (1) | Respond to of 313641
 
What are you talking about
Oil can be charted just the same as anything else.
.382 retrace of the first move down comes in at about $74
People only looking higher
Oil stocks not making new highs for the move as oil does

About as good of a short as I have ever seen
Nothing more bearish than sentiment going through the roof while price is not
Very low risk entry on oil here on the short side
Especially if one is long gold
IMO oil sees 50 before 80



To: Proud Deplorable who wrote (164328)6/11/2009 11:18:16 PM
From: Claude Cormier  Read Replies (1) | Respond to of 313641
 
I think, au contraire, oil heading south with the economy. New lows in 2010...before the grand show starts.