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

Key current CL moving averages below:

20-Days 131.85
50-Days 124.22

please note them and trade well...a close under 20 day MA again confirms significant bearish trend...looks like Oil is heading south..
 
Also, the economy simply cannot sustain oil at a higher price. Simple as that.

When china says they are raising fuel prices that's huuuge.

Mom and pop at the moment are seeing 65 bucks rung up when the fill up.

Not much room left before a complete economic collapse.
 
Quote from increasenow:

Key current CL moving averages below:

20-Days 131.85
50-Days 124.22

please note them and trade well...a close under 20 day MA again confirms significant bearish trend...looks like Oil is heading south..
More...

well... this is the first time I have been on ET since Dec, 2006. I read this entire thread as I am interested in the oil and gold market bubbles for some accounts I am trading. Further it was good for more than a few laughs; mainly "increasenow's" sophomoric and unsophisticated way of commenting on the oil market

increasnow...

1. I guarantee that if you ever place substantial funds in the markets you will blow up your account(s).

2. with all due respect you are the antithesis of what of a successful trader is. I base this on your many posts on this thread and in particular your excitement level abut moves in CL and posting each time oil held under 135 and validated your call. This is totally absurd for anyone aspiring to be a real "trader" in the professional sense of that word. Many noticed how you never bothered ONCE to comment on when oil would no longer be a ST sell or short. THIS is the clear sign of a rank amateur who will blow up sooner rather than later. After over 20 years of trading I can guarantee that you should NOT trade for a living and hope you will not ever put much money on the line. You remind me of the way I (and so many others I knew) used to think and act years ago before I gained the requisite humility that is an important component of being a successful trader. It's not only about confidence; any adrenaline junkie can display that. But rather it's your ability to be humble, look at other points of view, consider all possibilities that begins to mark you as someone special; and when or if you act on your convictions you do so mindful of what may happen if your timing is off or if you are plain wrong in your trading thesis. In your case you sound like a 14 year old who doesn't even know what trading is about (no offense to the 14 year olds running hedge funds out there) but thinks since he is fairly smart, read a few books and maybe made some dough in the short term that he knows what he is doing! This is the kiss of death! You are making calls about one of the toughest markets to trade and you sound more like a rodeo cowboy than a mature and stable trader. Give me a break. Do you really think it's that simple!??

When I read your posts it calls to mind an adage I was given many years ago, and which I personally violated too many times. It applies to you in spades: "True professionals are concerned about what they can lose while amatuers get excited about what they can make!!" Trust me when I say, please don't put any significant monies into the markets unless you can afford to lose it AND please don't count your chips while you are sitting at the "table". With your present naive attitude and obvious lack of insight, as represented by your childish and sophomoric posts (in my humble opinion), it is guaranteed you will BLOW UP!

My reply is made with due respect and in good faith hopng you will go slowly and learn what it "feels like" to be a good trader! What comes out of your mouth, and how you phrase those ideas and feelings will deteremine when or if you ever reach that stage! When you have zero need to be right you may actually begin to reach a high school degree level in trading, and maybe avoid blowing up!

GL
 
looks like 'no true move' out there today in CL...why...options expiring etc...traders covering positions...watch for Sunday after OPEC meeting...please do your own DD research...today was a 'fake' and 'vacum' move..
 
Sunday is not an OPEC meeting, it's a PR meeting..

what's the US going to do? bitch and whine?

unless Sunday was picked since June futures expired today and Benito Bernanke is ready to carpet bomb the FX and oil markets with sell orders..

dump 50 tons of gold on the market. some bs like that
 
Quote from iceman1:

well... this is the first time I have been on ET since Dec, 2006. I read this entire thread as I am interested in the oil and gold market bubbles for some accounts I am trading. Further it was good for more than a few laughs; mainly "increasenow's" sophomoric and unsophisticated way of commenting on the oil market

increasnow...

1. I guarantee that if you ever place substantial funds in the markets you will blow up your account(s).

2. with all due respect you are the antithesis of what of a successful trader is. I base this on your many posts on this thread and in particular your excitement level abut moves in CL and posting each time oil held under 135 and validated your call. This is totally absurd for anyone aspiring to be a real "trader" in the professional sense of that word. Many noticed how you never bothered ONCE to comment on when oil would no longer be a ST sell or short. THIS is the clear sign of a rank amateur who will blow up sooner rather than later. After over 20 years of trading I can guarantee that you should NOT trade for a living and hope you will not ever put much money on the line. You remind me of the way I (and so many others I knew) used to think and act years ago before I gained the requisite humility that is an important component of being a successful trader. It's not only about confidence; any adrenaline junkie can display that. But rather it's your ability to be humble, look at other points of view, consider all possibilities that begins to mark you as someone special; and when or if you act on your convictions you do so mindful of what may happen if your timing is off or if you are plain wrong in your trading thesis. In your case you sound like a 14 year old who doesn't even know what trading is about (no offense to the 14 year olds running hedge funds out there) but thinks since he is fairly smart, read a few books and maybe made some dough in the short term that he knows what he is doing! This is the kiss of death! You are making calls about one of the toughest markets to trade and you sound more like a rodeo cowboy than a mature and stable trader. Give me a break. Do you really think it's that simple!??

When I read your posts it calls to mind an adage I was given many years ago, and which I personally violated too many times. It applies to you in spades: "True professionals are concerned about what they can lose while amatuers get excited about what they can make!!" Trust me when I say, please don't put any significant monies into the markets unless you can afford to lose it AND please don't count your chips while you are sitting at the "table". With your present naive attitude and obvious lack of insight, as represented by your childish and sophomoric posts (in my humble opinion), it is guaranteed you will BLOW UP!

My reply is made with due respect and in good faith hopng you will go slowly and learn what it "feels like" to be a good trader! What comes out of your mouth, and how you phrase those ideas and feelings will deteremine when or if you ever reach that stage! When you have zero need to be right you may actually begin to reach a high school degree level in trading, and maybe avoid blowing up!

GL
More...
thanks GL...I truly appreciate your honest desire to help me in my trading...seriously appreciate it...on another honest point...please, you are welcome to put your Crude Oil insight, expertise, observations and thoughts right here on the line for all to see, observe and possibly learn from...you are welcome here on this thread...thanks again for caring...bring it on!
 
watch for bearish CL move to hit big this week...why?..Saudis up barrel production and supply increases thus bringing down Oil prices..please do your own DD...
 
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