Any corelation between this and the stock mrket?
OIL traders why is oil pullback so fast
Started by
porsche911sg
, Nov 13 2009 11:16 AM
2 replies to this topic
#1
porsche911sg
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Posted 13 November 2009 - 11:16 AM
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#2
arbman
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Posted 13 November 2009 - 12:14 PM
Any corelation between this and the stock mrket?
Because the world production capacity is way down and we are swimming in oil... and any down tick in economy will collapse the oil trade, in fact the gold traders will go down with it, so just hope for an equity rally to continue if you are a commodity bull...
#3
SilentOne
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Posted 13 November 2009 - 01:34 PM
Because a 45 week cycle low is due next month. Bearish trend confirmed for the current 11 week cycle when the Nov. 2 low was taken out.
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
