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bvam1 nice trading :)

We still have a 4pt. gap for today.

I'm repeating myself, but John Corzine, the ex-CEO of Goldman Sachs said recently that it is speculation that has driven oil to where it is, not supply/demand. He knows more about markets than anyone on this website.

Looks like it should get to 1331 before a continuation of the down move (imo) if it is going to continue lower.

Interesting, thanks

So I guess this is a 78% retrace of the Mar - May rally, only reason for the rally imo.

A/D certainly not helping the bulls out.

Don't feel bad, I had 2 at 1307.5 and sold them for +2 cuz I didn't like how it was acting, and the earlier weakness was a great headfake. Never saw the move coming :mad: :D

When people like John Corzine, ex-CEO of Goldman say speculation is the problem, columnists and ET posters can safely be ignored.

They can roll over the contract to the next month indefinetely.

They are cornering the market. Enron pulled this trick in California. Oil bulls never mention how since the futures markets were de-regulated a few years ago, this is when we have seen the runup in commodities. There is no shortage of oil, wheat, corn, etc. so why are prices rising? This is...

Yeah, I know that is a common job title, but I meant with Merrill, Morgan, etc. Just curious if anyone ever went this route.

What does that mean?

Somebody I know was trying to get me interested in being a FA for a big firm. Just interested to here the pros and cons from anyone who has gone this route before. Thanks.

THought maybe you bought in, gotcha.

At a loss? You never called the trade.

1317.50 is rth support for now, next is 1306 area

bighog, I agree. I find that not listening to news is actually better for me, I guess I have the sucker mentality, and consider bad news should move the market lower. Not listening to it removes my bias. I missed it because I thought we would move a bit lower before going up. I didn't even...

So oil drops $2 and all is right in America again? What was so great about the Michigan #, I can't find the release anywhere? This has sucker written all over it. Edit: I found the Michigan #, and it's worse than expected. I guess alot of people were short :D Those bastard Liquidity...

thanks bighog