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

Quote from increasenow:

when will this BUBBLE burst...Oil prices totally being run up by speculators...right now...$140 is acting like SUPER-RESISTANCE...
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Current quote is 140.97/141.02. So much for your "super-resistance". You must not actually be trading this because I don't see how you can keep getting your calls so totally wrong and keep posting them publicly.

I think you are really just trolling for comments at this point. At least you are good at that if not at trading. If you can get a paid job as a professional troll for message boards you are set because you are bound to blow up trading.

It seems I also remember that you were posting messages on a similar thread trying to call a top to oil in February too...so you've been bearish on oil since February??? Nice strategy.

http://www.elitetrader.com/vb/showthread.php?s=&postid=1793450#post1793450

http://www.elitetrader.com/vb/showthread.php?s=&postid=1792317#post1792317
 
dear friends at this thread...I will not make another post on this thread UNLESS Oil closes under $135.00 again....wow and whew...Oil has surpassed every level...I'm done at this thread unless Oil closes under $135.00 again...best trading to you guys...thanks for the insight shared...but I will post on other threads or start new ones...have a great day...enjoy your Starbucks and trading!...and yes, I was 100 percent WRONG with my prediction...totally wrong...
 
Me too, I was wrong on the $139 top. The reality is like this, even after a few weeks or months CL fall back far below $135. The question is were we right? The answer is no. Why? Because our account was already wiped out when oil had run upper $135 or $139 before falling back. In that case, there is no point for being right. Being right is only relative to our pocket, not to our long term and final prediction.

One thing I have learned is the distinction between the ebb tide/flood tide and the waves. In this case we were betting on the ebb tide, but we might got killed by the waves. In this case, I guess, we already got killed by the waves even if we will be right at the end when CL fall back below 135/139. This is the difference between academic and real trading. For academic the point is being right at the end while the point for trader is being right when pocket is full of cash.

Quote from increasenow:

I will not make another post on this thread UNLESS Oil closes under $135.00 again.
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Quote from increasenow:

dear friends at this thread...I will not make another post on this thread UNLESS Oil closes under $135.00 again....wow and whew...Oil has surpassed every level...I'm done at this thread unless Oil closes under $135.00 again...best trading to you guys...thanks for the insight shared...but I will post on other threads or start new ones...have a great day...enjoy your Starbucks and trading!...and yes, I was 100 percent WRONG with my prediction...totally wrong...
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can u explain why 135 is such pivotal level ? It might be interesting to discuss what was significant about that price level, in your opinion.
 
Quote from iceman1:

can u explain why 135 is such pivotal level ? It might be interesting to discuss what was significant about that price level, in your opinion.
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Good, I also wonder what's up with $135
 
I'm beginning to believe that we may never see oil at $135 again. But I don't think that its because of what this thread started meant.
 
Quote from eagle:

For academic the point is being right at the end while the point for trader is being right when pocket is full of cash.
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So true.
 
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