Oil has broken support and going back to the double digits the bull market is here

[kyc30090]

Quote from MAESTRO:

I am buying Oct 130 oil calls. We will see.

P.S. On top of it I bought US dollar index Puts. No guts, no glory!

chart is telling you otherwise. why catch a falling knife? oil is $115-

 

[Aaron Copland]

Quote from kyc30090:

chart is telling you otherwise. why catch a falling knife? oil is $115-

Oil is still in an uptrend. It could fall to $100.00 and still be in an uptrend.

 

[RiceRocket]

This is an olympic rally, nothing more. We're right up against the daily 200 period moving average in the ES. China has stopped selling their dollars and allowed the Yuan to weaken a bit, but the federal reserve does not want a strong dollar. That would kill this economy, exports are the only thing bailing us out for the moment.

 

[MAESTRO]

Quote from kyc30090:

chart is telling you otherwise. why catch a falling knife? oil is $115-

I guess, you are not that familiar with the Options trading then.

 

[EtfTraderLives]

No shit sherlock. I told you that 2 months ago you attention whore.

 

[Landis82]

Quote from kyc30090:

chart is telling you otherwise. why catch a falling knife? oil is $115-

Key support level at $113.50 basis Sept.
The "talking-heads" on TV will tell you $110.00, but that isn't the next level that is significant.

 

[Landis82]

Quote from MrDODGE:

Idiots on this message board, the Dow should go to about 12,100 before turning around.

This is pretty funny!

Especially coming from the biggest "Gloom & Doomer" and contrary indicator on ET.

 

[Landis82]

Quote from RiceRocket:

This is an olympic rally, nothing more.

You're kidding, right?
Is that why the Dollar rallied 3% this week? Because it was an Olympic rally?

LOL.

 

[staffpro]

i see dead people

 

[TraderZones]

Quote from staffpro:

Predictions based on extensive analysis and research and market analytics for August 8th, 2008.