10 replies to this topic

[espresso]

Big top behind the door, Friday or Monday, max 4$ more then where is now... Medium term 3 to 6 months. First target 63$, max target 45$ Cirrus or others, what do you think ;-)

Edited by Espresso, 20 September 2007 - 02:45 PM.

[selecto]

To get there, you are going to have to see global demand cut in half, or the dollar double.

[PorkLoin]

I'm heavy on oil, and just about loaded on natural gas stuff. Crude - watch out, standing in front of a freight train can leave a mark. Doug

[espresso]

To get there, you are going to have to see global demand cut in half, or the dollar double.

I know i really don't have explaination for that,
it's only technical, what mycci is telling me...
Probably it will just be bought up till i die!

Edited by Espresso, 20 September 2007 - 02:54 PM.

[arbman]

USD must stabilize or there is no way the stocks will be able to grow faster than the inflation, a stagflation already. I would think the foreign investors will not buy the US debt and stocks before they see a stable currency...

[PorkLoin]

The market has some tricks up its sleeve - you can be sure of that. Oil is overbought, momentum-wise, and heck - it might be at $70 in a few weeks; who knows? With supply and demand pretty well balanced, barring significant worldwide economic slowdown, I think that surprise declines in production are more likely than demand falling off. Just my opinion here, but I'd bet that in the bigger picture, surprises will be to the upside for the price of oil. Doug

[IndexTrader]

Big top behind the door, Friday or Monday, max 4$ more then where is now...
Medium term 3 to 6 months.
First target 63$, max target 45$
Cirrus or others, what do you think ;-)

Maximum $4? That's more heat than I can stand. But somthing to think about. There's not even a top on a 5 minute chart yet.

Weren't you bearish down at $70?

IT

[espresso]

Big top behind the door, Friday or Monday, max 4$ more then where is now...
Medium term 3 to 6 months.
First target 63$, max target 45$
Cirrus or others, what do you think ;-)

Maximum $4? That's more heat than I can stand. But somthing to think about. There's not even a top on a 5 minute chart yet.

Weren't you bearish down at $70?

IT

At 70$ I said the top was in and would have been very difficult to play,
now i'm saying that's overshhooting... ;-)
4$ is just to be safe, i bet that won't stand more then 50C...
Still won't be prudent do it before Monday.
jmho

[Cirrus]

Big top behind the door, Friday or Monday, max 4$ more then where is now...
Medium term 3 to 6 months.
First target 63$, max target 45$
Cirrus or others, what do you think ;-)

We've hit peak oil...what more can I say? Oil isn't going to print 50's again in our lifetime. It may not print 60's again. I'm bullish but I think it's going to happen consistantly and slowly. That means 2 steps forward and one step back.

I've posted repeatedly on here that invensting in quality energy plays is the biggest no-brainer I've seen since following the markets.

[bobalou]

I hope so I did not fill up my tanks. may be the boys,will work on oil and gold,to keep this market up ?