A crude look at Crude

Quote from PJKIII:

Cramer is an idiot who appeals to low level investors without real market knowledge. The experts all think he's an idiot and discount what he says (even his fellow CNBC anchors!). He's right a lot, but he's also wrong a lot--tends to happen when you constantly put yourself out on a limb constantly (and consequently put your foot in your mouth with every other statement).

The market I am referring to is the one that traded 142,099 contracts in J so far today...that would make for a cool 1,400 or so contracts for each one of these 100 people--not likely.
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Cramer is an extremely smart and successful trader. And he made the most popular show on CNBC. So it's double success for him

You can like him or not but only an idiot can say Cramer is an idiot
 
I like the difference of opinion on this thread, but recently it's become personal.

I don't think that helps anyone. I don't care how it started, but it would be nice if it stopped now.

thanks
 
Big day tommorrow...

Options, COT, Weekend, Three-month highs, wide trading ranges, uptrend.

All these things come to mind for friday.

I will probably be long, right to the close.

Good luck to everyone!
 
Quote from jjgallow:

Big day tommorrow...

Options, COT, Weekend, Three-month highs, wide trading ranges, uptrend.

All these things come to mind for friday.

I will probably be long, right to the close.

Good luck to everyone!
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There is no better barome ter.....than JJGallow! Good calls henceforth buddy--looking forward to hearing from you in the future! You are a gentleman and a scholar...
 
Quote from jjgallow:

Big day tommorrow...

Options, COT, Weekend, Three-month highs, wide trading ranges, uptrend.

All these things come to mind for friday.

I will probably be long, right to the close.

Good luck to everyone!
More...

Oil definitely wants down. And this yen rising and liquidity problems will make oil to sell off. Probably far below $60 level government wants
It might be 57 by the end of week. And middle term forecast is extremely bearish. It miht be 40 by the end of spring and even war with Iran won't help
 
Quote from kashirin:

Oil definitely wants down. And this yen rising and liquidity problems will make oil to sell off. Probably far below $60 level government wants
It might be 57 by the end of week. And middle term forecast is extremely bearish. It miht be 40 by the end of spring and even war with Iran won't help
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good obesrvation.... but don't you think oil will reach the $64 plateau before going down?


www.liofmc.blogspot.com :)
 
Quote from apex82:

This is a great example without 20/20 hindsight. You can see that we could possibly be in the process of creating a bearish wedge within a wave 5 on a weekly, daily, and 81minute. It will be nice to watch this unravel....
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Well JJgallow.... here it is for ya. I hope you made some money off this. I will give my analysis on crude in the near future.

From...

http://elitetrader.com/vb/attachment.php?s=&postid=1360447

to...
 

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Quote from kashirin:

Oil definitely wants down. And this yen rising and liquidity problems will make oil to sell off. Probably far below $60 level government wants
It might be 57 by the end of week. And middle term forecast is extremely bearish. It miht be 40 by the end of spring and even war with Iran won't help
More...

Oil looks to be going into a $58.00 - $62.00 range trade for some time to come. Lets see what happens until ...

Akuma
 
thanks apex...


pretty crazy what happened today.

4-month correction...everywhere.

well, I lost a bit on friday's close..and joined the bears over the weekend.

lucky for me.



Dow may have found support here, we'll see.
 
I agree with the dude who said about the range 58-62.

Im thinking on a CL headed to 57.50/58 now inside an intermediate range 58-62 inside a bigger range 56-64.

I'll trade it contrarian around the cited levels.
 
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