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CL has broken through yesterday's low of the day when it passed 94.74. It looks like the market profile would suggest a move down to 93.41 (if I am reading that right). Any thoughts on what the low of the day will be? My guess is 93.74.

Not a chart, but http://www.cfr.org/economics/katrina-oil-prices/p8834 It mentions that oil spiked to $70/barrel before Bush announced release of SPR.

Obama speaking on Isaac, oil price is climbing.

Maybe Bernanke letter to Issa. Really just repeated Fed minutes from 7/31, IMHO.

With inventories down and fed suggesting further easing, I expected a much bigger move from CL. Has all of this been priced in? Is everyone in the Hamptons? I try to have no directional bias, but it looks like a major sign of weakness for CL to me. Any thoughts?

I wasted about two hours of my life reading that thread (which is now over 500 posts). I learned nothing. I think that thread should come with a warning. After a few hundred messages, the OP starts writing like Dr. Seuss. Really! So, sorry, I'm of no help, but at least I'm brief about it.

Is it the anticipation of the FOMC meeting that has caused volume to disappear?

Out at 103.04 (about an hour ago).

CLM12 Another small pullback seems to be failing. Short at 103.00. Stop limit at 103.20. target is 102.80.

Out at 12:26 at 102.90.

CLM12 It looks like a simple pullback in a trend based off of increase in inventories. Short at 103.12, looking for about 102.90, stop loss at 103.30.

As others have pointed out, poor is a relative term. As such, it is impossible to eradicate poverty. Just as it is to eliminate the bottom 10% of students or the bottom 10% of runners. Someone has to finish the race last. Someone has to be the slowest, someone has to be the fastest. It is...

British broadband ‘still holding back video streaming’ Even the lowest resolution TV or movie streaming is a struggle on the average broadband connection, a Telegraph analysis has revealed...

Motley Fool has a caps rating that sort of mimics your idea. The question is whether you would use it straight or as a contrary indicator. Have you ever looked at the AAII survey? http://www.aaii.com/sentimentsurvey This survey is read as a contrary indicator but in fact, it is right until...

There are 85,287,100 broadband users in the U.S. See http://www.internetworldstats.com/am/us.htm Netflix has 24.4 million paid subscribers. See http://www.usatoday.com/tech/news/story/2012-01-25/netflix-earnings-subscribers/52792788/1 Given this level of market penetration, I think...

I am enjoying your posting very much. Thank you for contributing. How is the trading going? Are you directionally trading stocks? Margin is great if you are profitable, it will blow out your account quicker if you are not. Best of luck.

Bulls go up the stairs and bears go out the window (a metaphor explaining that stock prices rise slowly and drop quickly) 2/3 of a month is a poor sample size. The trend is your friend until the end. etc.

I'm not sure if anyone answered your question. I would consider doing either bull put spreads or bear call spreads on both instruments (depending on your view of the underlying). It would like a lot like an iron condor, with an advantage that as the instrument's spread reverts to the mean, the...

I had some of the same concerns, and this is what I've learned. Early exercise on option credit spreads is real, although uncommon. First off, when you are exercised, CONGRATULATIONS. That means that YOU have gained all of the time premium which existed in the option when you sold it...

If Buffett were to extend his preference for regressive taxation to his voluntary tax offer, he would have to contribute 4% or 6% (or more) of his wealth for every say, 2% of the Congressman's net worth contributed. That would at least be intellectually honest and consistent with his politics.