The way it smells is that someone's still in forced liquidation mode in the energy complex...perhaps a headline hedge fund meltdown soon to become public, but the fractal/pattern objectives have been achieved. As always, time will tell......
Fuel
Da blue lines have not been changed/moved
Started by
VolPivots
, Jan 19 2007 08:08 AM
2 replies to this topic
#2
arbman
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Posted 19 January 2007 - 11:22 AM
The energy prices should stabilize a bit cyclically, but I am not sure about the related equity issues. I kept a small oih long for a little further bounce, I am seeing a better decline toward the middle of the year that will provide the clarity and probably better entry. Good luck...
#3
no_mind
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Posted 19 January 2007 - 01:32 PM
perhaps a headline hedge fund meltdown soon to become public
Dave,
I just read the following yesterday, which would lead one to believe the hedge-fund industry would not appreciate another meltdown at this time.
"Hedge-fund inflows plunged 64% in the fourth quarter from the pace of the previous three months as returns trailed market indexes and investors reacted to the collapse of Amaranth Advisors LLC."
Thanks so much for the updated chart.
Best,
Tom
