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Gas Bubble?


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#1 Islander

Islander

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Posted 25 February 2011 - 11:05 AM

The oversold (who know what it means) condition is now relieved, but go flat at about 3PM ET. Pump and dump - volitle.

The Tenor of the future market will become more evident Monday. Much crowded into weekend news:

Today and this weekend a more liberal government comes to Ireland (less willing to bail out the banks).

The Oil delimma continues, but 100 dollars is a flash point. The Fed principal banks have been asked to report local gasoline prices (political issue).

As long as QE2 exists the bet is on a higher market. T laundry has in his last Sunday post a very interesting pattern for the year: UP. Rosenberg thinks it very questionable. I think UP wins until May for sure, after that I will be on vacation.

Waiting for Monday, Islander <_<

Edited by Islander, 25 February 2011 - 11:07 AM.