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  1. C

    Oil in free fall

    First area of decent support is 54.86
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    Question about pursuing a career trading

    The difference from a hobby to a career in my opinion is that as a hobby, you can patiently wait for good trade oportunities before risking capital. As a career, you more apt to try to force trades to make your monthly nutt unless you start with very deep pockets. Better to create wealth with...
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    Oil in free fall

    OPEC, dumber than a bag of hammers!
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    Similiar setup to beginning of 2005

    Starting to look like deja-vu, market gapped open higher again and now going negative.
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    Goldman Sachs Running The US

    head of the CFTC is also from goldman or as we like to call it, Gold Man Sacks
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    A great assessment of the current economic situation

    Hard to argue this data. Enjoy.
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    Time to bottom pick

    That's a hard one to guess, as much as I loved the floor environment, I must say that I really love GLOBEX!! no more 2 cent 2 ways with "touched but unable". But I still do use them sparingly to execute EFP's (exchange for physical), and EFS's (exchange for swaps). I feel sorry for all the...
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    Time to bottom pick

    sorry for any confusion, like I said, storage can get complex with many parameters. To try and simplify: I have 3 BCF in the ground, I don't want to take it out in the spot market with cash trading -.50 to Feb NYMEX as I could take it out in Feb for .50 more. But why take it out in Feb...
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    Worst offer ever.....

    Maybe I will give them 250K out of the millions I am getting by helping out a guy with trapped money in Africa!
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    Strategy for Weds

    excerpt from Gartmans rule #11, "when they're yellin', you should be sellin'"
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    Similiar setup to beginning of 2005

    Technically, the Dow looks similiar to the start of 2005. We had an impressive run of aprox. 12% from October of 2004 to the last day of December 2004 closing out the year at aprox. 10,765 (I can't get the exact # off of my chart). The first trading day of the New year had the market gap open...
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    What is up with ethanol

    Ethanol is a JOKE! Creates far more environmental issues than oil when using corn. So all the cheering tree-huggers need to rethink how supportive they are about it. Only one solution, price majuer.
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    Time to bottom pick

    Price target is a little tricky as we are definately not in a supply crunch for the remainder of this winter, but i do see the potential for mar/apr trading up to .20-.30 march over. the storage economics can get very complex with many different factors affecting different space holders. i...
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    Time to bottom pick

    March should trade higher on feb unless we get cold for a bit, even then i don't see feb at par or over april, as the biggest short at the moment is in the march. With the change in forecast coming i expect a nice profit taking pop in the mar/apr. if we are real cold at the end of jan, you...
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    Wake Up Early And Short Aapl As It Will Fall Below 75!!!

    aapl currently 84.79, +3.92 good call dude!!
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    Time to bottom pick

    I know that bottom pickers usually wind up with stinky fingers but I have been patiently waiting to enter into this trade. I am talking about the Motherrock Killer, the Amaranth crusher, the March/April Natgas spread. It is trading around .09 to the April. The risk/reward is probably about 1:5...
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    Who's your trading idol?

    John Arnold
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    Fibs and Energy Markets

    i can say with certainty that alot of fellow natty traders use fibs for trading including myself. the beautiful thing about them is that enough natty traders use them to make them self fullfilling. I am not at work at the moment or i would post the daily continuation chart i use. basically...
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    This bubble is rediculous!

    It can't be the top, Bush is talking right now, going to cut all taxes to $0.00 and make them permanent! also raising min wage to $50/hr.. Going to send everyone their own printing press, paper and ink. stock market going to 100,000!!!
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