How High Will It Go By Opex Friday?

eagerbeaver · Jul 10, 2005

Consider it a game, nothing more. Oil futures are tanking on the NYMEX as I write this -- a relief collapse in the wake of Dennis' evident failure to impact the oil infrastructure. This sets the stage for a nice gap-up tomorrow and then....?

Fill in the blank...

I say, marginally favprable reports from Apple and a few others adding kerosene to the conflagration, and a verical explosion that hurtles us well past the 1220-1225 congestion zone of the S&P 500 and towards 1250 by Friday.

Ok, I showed you mine. Now it's your turn...

EqtTrdr · Jul 10, 2005

Naz 2350 by tomorrow easy..

all aboard the Cramer tech rally train!!

choo choo

SethArb · Jul 10, 2005

ok ... so 1250 by friday ?

more important to me would be end of 3rd Q and end of yr projections ...

impossible you say ?

good luck on your call ... hey did rubberbird cover his shorts ?

Trajan · Jul 10, 2005

Great another one of these threads. How about Dow 11,000?

EqtTrdr · Jul 10, 2005

Quote from Trajan:

Great another one of these threads. How about Dow 11,000?

yes, Dow 11k Aug 16th to be exact as per someone 10% accurate on mIRC #daytraders room

all aboard!!

no fear is so bullish

http://www.vtoreport.com/sentiment/vixvxn.htm

free money from the Fed is awesome$

Trend Fader · Jul 10, 2005

Where are oil futures right now?

lar · Jul 10, 2005

I am short the Dow via a couple of 101 U Puts. Makes a market.

Trajan · Jul 10, 2005

Quote from Trend Fader:

Where are oil futures right now?

I have em at 58.90. I hope the market opens lower so I can cover a short from Friday without too much more pain. It seems like the futures at the open are a good contrarian indicator of where the market finishes the day.

drukes1234 · Jul 10, 2005

Phil Flynn of Alaron trading said that if there are no oil interruptions due to hurricane Dennis then he believes the price of crude can come down 7-10% this week.

eagerbeaver · Jul 10, 2005

...and that would be kerosene on the fire.