20 reasons why Oil to NEVER hit $135.00 again...dated: May 22, 2008

Quote from increasenow:

thanks Gyles for the post and great threads...great stuff...best to you!
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Sincere thanks for your comments and best wishes. We wish you the same. :)

This thread is good not only because of the topic, but because of your active involvement plus the kind and encouraging words you post now and then. :)
 
Quote from Sam321:

Oil is currently a dollar hedge. Supply/demand points to oil at 70 range.

This is very dangerous because unlike gold, oil effects economies, and worse, makes the wrong nations and cultures rich, and the right ones poor.
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Thats pretty controversial - the wrong nations and cultures? who decides who is the wrong nation and wrong culture?

would the Brazilians. Canadians, Russians be the wrong nations?
 
Quote from increasenow:

confirmed...seeing a serious plunge or drop tomorrow...heading into next monday?
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I think you're rushing things a bit, this is one of the main rules when selling tops - never sell into potential strength, wait for a proper shorting opportunity or join the move once it's started.
 
This is the same guy who said oil would never hit 135 ever again.
What did you expect?

Quote from JSSPMK:

I think you're rushing things a bit, this is one of the main rules when selling tops - never sell into potential strength, wait for a proper shorting opportunity or join the move once it's started.
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Quote from The Swordsman:

This is the same guy who said oil would never hit 135 ever again.
What did you expect?
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Reading his posts I understand that he is an inexperienced trader, it's just obvious. I am no veteran either, but I am on a different level to him. I just hope that he learns something from this.
 
Inexperienced and humble is fine, but up to this point I've just seen him be inexperienced and cocky :)

Hopefully he does learn from all of this.

Quote from JSSPMK:

Reading his posts I understand that he is an inexperienced trader, it's just obvious. I am no veteran either, but I am on a different level to him. I just hope that he learns something from this.
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I tried suggesting we were at the end of the crude oil run a couple of times now.

I give up.

The trend is long until it is short.

The 34 EMA on the daily has been support several times now.

I don't think you can call a trend change until it is broken, and maybe wait for a 50 - 100 EMA breach as well.

Its been a great market, and can be just as good on the way down.

http://tradingcrude.blogspot.com/
 
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