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Back for more huh

Maybe i should just start purchasing barrels and putting them in storage....beats investing in real estate.

Good stuff. But, as long as they are buying it and storing it (because no one is currently using the stuff), they must be only buying under a certain level. "J.P -- get out there and buy me every barrel of oil you can under $80! I dont give a shit -- if it's under $80 just buy it!"...

Maybe so, but for now they are running out of space to store the stuff.

I am going to hold overnight. This is hogballs.

they aren't going to be satisfied until they push this well above 80 and force me out of my position

nothing is more manipulated than crude. it is all herd mentality. what im coming to realize is that if you have the cojones to stick to your convictions, you will eventually be rewarded. For example, I agree with you on $72. I would be shocked if we don't see $72 at some point in...

Honestly i think the only thing driving crude higher is the 22 period moving average line on my chart. Apparently that overrides any and all other factors. lol

Silliness. Nothing but terrible news in employment, housing, consumer confidence...demand numbers are terribly. Supply is way too high. And crude is at $80, at the very upper end of its range. What would anyone think the real upside is here? It's on a precarious perch -- won't take...

Buggers.

Im in for 4 lots at 79.71. Hoping to score big here. SL at 80.30

It is going down. Probably to $75. The only question is will they thrash me first with a quick run to $82. Bastards.

The bottom is going to fall out of this shortly.

I have the same problem...constantly trying to pick turning points. Then when i occasionally cave and try to go with the trend on a pullback, its actually a turning point.

Papa you are one snide sum-bitch aren't you

I'm not trapped. I'd rather be short than long here, but maybe flat was a better option. Crude is richly priced at this level and is severely overbought to boot. I'm only short two lots. I may actually just close one lot and hold the other with a stop just above the recent high (at 84ish...

BP just called the reversal. I'm holding short for 80.20 or so. Probably cry uncle at 81.40...

Short 79.73 target 78.96 no stop

Sure, be glad to give it a try. Maybe you will open my eyes to something i haven't thought of. I have a fairly sophisticated framework for NT already built out that is easy to extend or modify with different entry/exit criteria. Most likely will not take long to build and backtest...

Funny thats pretty close to my history, give or take a couple of deviations. Except mine would start... Year 1: Make 1100% trading Networking stocks during the dotcom bubble .... but after that its almost the same.