great post...
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20 reasons why Oil to NEVER hit $135.00 again...dated: May 22, 2008
- Thread starter increasenow
- Start date
tomorrows EIA 10:30am announcement will be HUGE...watch the move...
increasenow,
seemingly not even you are taking yourself seriously any longer at this point.
Just let the thread die a slow death and move on instead of making a freakshow out of it.
In the end all you'll accomplish is that the thread moves into chit-chat and dies a miserable death there - or you can transform it into a sidekick to amuse yourself for some time in chit-chat - although it'll just be a sad reminder of how a trader can disintegrate for anyone who are reading.
seemingly not even you are taking yourself seriously any longer at this point.
Just let the thread die a slow death and move on instead of making a freakshow out of it.
In the end all you'll accomplish is that the thread moves into chit-chat and dies a miserable death there - or you can transform it into a sidekick to amuse yourself for some time in chit-chat - although it'll just be a sad reminder of how a trader can disintegrate for anyone who are reading.
good points...I'm looking for a CL short entry tomorrow morning sometime after 9:00AM New york open..also, looking at DAX, FTSE, eminiSP500 as they respond to CL moves...very interesting...Quote from jasonjm:
i dont see anything bearish at all
I was short crude and threw in the towel yesterday
if anything this looks like its going to move higher
We have one solid week of nonstop jawboning to lower crude, and nothing has worked
Short squeeze coming, watch
Call me crazy but the way oil is acting clearly signals a top.
The gyrations and volatility we've see recently is soooo reminiscent of a bubble about to burst.
Just look at any bubble chart top and it looks just like whats going on with CL.
Last weeks rocket was such an obvious shake out. Man, the older you get the easier it is to anticipate these things..
A buddy of mine was confident we saw the top during that late may to june downfall. I was like, no no no, we will see a violent shakeout before this thing collapses. I think we saw it, actually there may be one more. I think we will have one more shakeout to the upside before the free fall
See ya @ 100.00 by year end.
The gyrations and volatility we've see recently is soooo reminiscent of a bubble about to burst.
Just look at any bubble chart top and it looks just like whats going on with CL.
Last weeks rocket was such an obvious shake out. Man, the older you get the easier it is to anticipate these things..
A buddy of mine was confident we saw the top during that late may to june downfall. I was like, no no no, we will see a violent shakeout before this thing collapses. I think we saw it, actually there may be one more. I think we will have one more shakeout to the upside before the free fall
See ya @ 100.00 by year end.