It seems like they are really trying to hold this damn thing up. For the record I am short ER2's from a while back. But I have been scalping this damn YM for and against. Especially into the close. Like right now! High oil will eventually break the damn market. The only way to cushion it is keep printing money. And printing money is only good for a stock market at first. By the way, they stopped printing money a while back the M2, M3 figures were the worst I have seen. They will pull out all stops and start printing again. With the weak dollar. It appears they already have.
The plunge prevention team is working for us now. They don't fool with the ER2 as much.........or at least I hope they don't.
A little friday afternoon BS analysis for you guys. This week was another banner week for oil. I always watch for the 11:00 (nytime) rally either Thurs or Friday. Sometimes (in an uptrend) it will happen earlier in the week on a Weds. But it always works even in a downtrend. You wanna hold Crude shorts over the weekend?
The plunge prevention team is working for us now. They don't fool with the ER2 as much.........or at least I hope they don't.
A little friday afternoon BS analysis for you guys. This week was another banner week for oil. I always watch for the 11:00 (nytime) rally either Thurs or Friday. Sometimes (in an uptrend) it will happen earlier in the week on a Weds. But it always works even in a downtrend. You wanna hold Crude shorts over the weekend?
