CL Redux

Quote from BCE:

Wishing you all the best. What can I say? Maybe someone will off Gadhafi over the weekend. Not looking good though. You have to be really careful making long term projections in this type of environment.

They killed a dozen civilians this morning. http://www.msnbc.msn.com/id/41900982/ns/world_news-mideastn_africa/

My guess is that this will exert pressure on UN to implement no-fly zone and other measures. If another 1000 demonstrators die while UN nations do nothing but bitch among themselves, you know what kind of crap awaits them from the world citizens at large.
 
source CNN
http://www.cnn.com/2011/WORLD/africa/03/04/libya.conflict/index.html?hpt=T1

"Indescribable" and deadly violence rippled through the Libyan city of Zawiya today, according to a witness who said peaceful protesters were gunned down

The eyewitness said battalions of forces loyal to Moammar Gadhafi attacked the protesters with mortars and machine guns as they were demonstrating in the city's Martyrs Square, and they assaulted an ambulance and killed people who fell wounded.
"Civilians were killed but we can not say how many. We buried nine people so far," the witness said. "The attack was indescribable. Direct gunfire was opened on people."
It is unclear who has control of the city.

Chaos errupts in Zawiya 'Awful' conditions along Libyan border No-fly zone in Libya explained John McCain pushes Libya no-fly zone

People in Zawiya, west of Tripoli, and "their public leadership have secured and took control over the city from the 'armed terrorist elements,'" state TV reported. Libyan government spokesman Majid al- Dursi told CNN that "Zawiya has been captured, Zawiya has been liberated."

However, the eyewitness said protesters have some control inside the city, even though security forces have been surrounding Zawiya.

At least 15 people died and 200 others were injured in the city, according to one doctor, who said "there is a river of blood" at the hospital where the wounded are being treated. He said "the situation is very bad," with the facility running out of medical supplies.


Quote from InvestVision:

for today OIL bulls out weight bears by wide margin.
I am surprised we did not see temporary retrace to 103 in last 3 hours

bull factors
--------------
- weekend premium effect when OPEC member states are in trouble ( few wanted to hold shorts over week end , so less short holders by EOD )
- USD down , EURO up
- Gold UP ( indication of flee to safer investments )
- good job report with declining unemployment numbers ( more people drive )



bear factors
---------------
- price ran up too high too fast
 
long .11 stopped out at .00 (99th)

order to get long again not filled and canceled

stop to get long at .13 and stop to add at .33

filled .13 and stopped out .02 (100th)

stop to get long at .91

filled at 91, stop is at .79 - stopped out at .74
 
everyon is scared.. now is the time to sell.. im selling more here!
WHen you are fearful and short.. sell more no matter what!
SLD 100 UCO Stock 55.74 USD SMART 11:22:40 BookTrader 1.00

this is a battle of epic proportions... do not give up.. just when the shorts want to give up.. this is the time to sell more... the longs are thinking .. hmm this has really overdone itself...
the usa will not sit idle.. there will be action and i tmay be the strategic petroleum reserve.. anyway.. saudi arabia will stay stable... don't buy into the hype about a revolt there just BS.. anyway short it now.. not too late
 
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