Edited by Espresso, 20 September 2007 - 02:45 PM.
Oil overshooting!
#1
Posted 20 September 2007 - 02:43 PM
#2
Posted 20 September 2007 - 02:46 PM
#3
Posted 20 September 2007 - 02:52 PM
#4
Posted 20 September 2007 - 02:52 PM
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.
#5
Posted 20 September 2007 - 02:54 PM
#6
Posted 20 September 2007 - 03:01 PM
#7
Posted 20 September 2007 - 03:02 PM
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 $70?
IT
#8
Posted 20 September 2007 - 03:09 PM
Big top behind the door, Friday or Monday, max 4$ 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
#9
Posted 20 September 2007 - 10:19 PM
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.
#10
Posted 21 September 2007 - 06:51 AM