CLX7 Topping Out?

Quote from TorontoTrader2:

Lastest news: the original poster is now on suicide watch due to his short position. :p
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Do you think that is funny?
Please post your actual entries in OIH, then maybe we will believe you actually make money as opposed to your BS.
 
Whats to say that the OP still isn't correct? Maybe his timing was just off, what's preventing oil from retracing back into the 70's?

However, gap up and close near high suggests strong uptrend... what do you think?
 
I guarantee you a surprising number of the people who have visited these boards over the years have taken their life for one reason or another. It may or may not have had to do with investments, but either way there was never anything funny about it.


Still short, personally. I will probably hold the sentiment until January. I hope everyone is managing their risk in such a way that $2 price swings don't ruin them.
 
Quote from Paccc:

CLX7 almost touched $88 per barrel overnight and then turned around and dropped $1.50... possible reversal?
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Yes, good point. A close below yesterday's close of $86.13 would be even more meaningful.

Gold is doing the same thing -- spike overnight, off its high, could possibly close lower.

The yen and the dollar are up -- return of the subprime slime fear. Last time the subprime slime hit, T-bonds, yen, and dollars went up, commodities and stocks went down.

Aaron Schindler
Schindler Trading
 
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