Oil: I call short term bottom right here

Quote from TorontoTrader2:

Still 2-5 days too early for a crude bottom, imo.

Related, I will consider OIH long in the 118-120 range.

last = 124.85
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Wasn't there some talk from OPEC that they would only consider trimming prodution if crude fell below 60?
 
BTW, another observation is that this has had a minor bounce in the mornings lots of days here recently during the selloff. But they sold into every rally attempt. So if you're going long as a swing trade better be careful IMHO. :) Good luck with your trades everyone. :)
 
It has been fun riding this one down but now I'm out again... Can't see that there's much more stop fishing to be had. OPEC looking to give the market a floor and there "should" be heavy spec buying today on any less of a draw than 2mil in crude and gas.
 
Ha hahaaha....definitely one of the funniest posts on ET so far...freaking hilarious.



Quote from Rearden Metal:

Thank you. "Pounded like a rented gerbil" is an awesome catch-phrase to describe disasters, and it <b>is</b> my original work.
( See- No one else has ever said it: http://www.google.com/search?hl=en&q="Pounded+like+a+rented+gerbil"&btnG=Google+Search )

As you can imagine, rented gerbils would be the unfortunate recipients of an especially rough and vigorous pounding experience, when compared with the more tender romantic encounters of privately owned gerbils. After all, you'll be returning the poor rodent right back to the rental office tomorrow, so why bother taking good care of it?

That said, I <i>am</i> in need of a better catch-phrase to express my more positive emotions.
<i>"I see the future"</i> is a bit plain, after all. "Champagne, blow & sluts"? Not too bad, but I really only consume blow... maybe two or three times a year, tops. No need to give false impressions, you know.
(My endearing fondness for sluts on the other hand- now, that's eternal. :p)

"Bring me your second finest meats and cheeses"- rather second hand and unoriginal.

"Booyah!" and "Kachingos!" are unsuitable, as these words are obviously meant for the exclusive use of complete morons.

This is an issue I'm just going to have to solve for myself. I just thought I'd share this delicate creative thought process with the good people of ET tonight, that's all.
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:D :D :D :D :D
 
How long do you think the President of Iran and all the other oil producing nations are going to sit quietly and accept billions of dollars less for their oil than they did last month????

Aminjad(whatever the spelling) has a knack for jawboning the markets to his advantage....

maybe he says BOO today.
 
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