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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?


To: Rarebird who wrote (4746)10/13/2009 9:27:32 AM
From: Stoctrash  Read Replies (2) | Respond to of 26251
 
<<The Oil market is trading as an alternative currency to the US Dollar. When the dollar goes up, oil will go down. >>

Very much agree on this one, but why will the US$ bottom?
The FED sure as heck is not going to bump rates.
Why not stick with the trend, it's your friend :-)

The fact that Gold is still creeping above 1K seems to be a bullish sign for the yellow stuff. I'm not ruling out a parabolic rise from here to 1200-1300, even as SPY heads lower.
Call me crazy...?