Sure fits into the picture of a rather large correction that we think is imminent. TWT. I'm not thinking recession....just a healthy regrouping slow down. Whether oil has made a top here is up in the air...but does look like a wee double top with divergence on the daily.. to get the south side rolling.
If all these well laid plans come together.....I still think you can be short RUT or ER2 and be long SPX or ES at any point and make money for the next few years.
http://stockcharts.com/c-sc/sc?s=$WTIC&p=W&st=1989-01-01&i=p82427635136&a=95542559&r=547.png
http://stockcharts.com/c-sc/sc?s=$WTIC&p=D&yr=2&mn=8&dy=0&i=p14131430813&a=95543578&r=4028.png
Spooky........for you.
Started by
eminimee
, May 26 2007 06:46 AM
1 reply to this topic
#1
eminimee
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- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 26 May 2007 - 06:46 AM
#2
thespookyone
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- Traders-Talk User
- 6,043 posts
Member
Posted 26 May 2007 - 09:05 PM
Hey Teaparty:
Thanks for the great charts. As you know, I've started to take some small put positions in the oils-and the look of your charts certainly strengthens my resolve. Certainly, for the reasons I discussed with you (tip of the iceburg) and many more. I feel the risk is pretty low taking an early volley here, and I'll increase as the storm looms closer.
Spooky
