No replies to this topic

[CRUISENAL]

If you ask me, Oil will possibly test the $147.27 high of July 2008 and will likely crush equity markets much like in 2008 as the US Economy can only sustain this kind of Oil cost so long. My weekly charts show momentum for oil starting like in July 2007. So it should explode higher the next few months. Just how long will it take for oil prices to have an effect again like in 2008. Only a matter of time IMHO! Equities will likely run up like in 2007 until OIL puts the squeeze on it again and the markets all fall apart again. IMO, the Fed is just helping to set the economy up for a real mess next year. My guess is we are starting the last leg up in the NDX that may top in September. But Oil will be the Key IMO. Alan