I remember Da cheif having a count of oil going to 40. In that same post he mentioned that the dollah would go down and gold up... The latter two seem to be playing out. Would love to hear where Oil is headed?
Where is oil headed?
Started by
ecpinto
, Nov 04 2007 11:52 PM
2 replies to this topic
#2
nicolasillo
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- Traders-Talk User
- 1,441 posts
Member
Posted 05 November 2007 - 04:04 AM
I remember Da cheif having a count of oil going to 40. In that same post he mentioned that the dollah would go down and gold up... The latter two seem to be playing out. Would love to hear where Oil is headed?
If we do not see the dollar coming back, the first stop I have for a meaningful pullback is around $105-110. Let s see.
#3
eminimee
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- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 05 November 2007 - 05:29 AM
What a top in oil and bottom in dollar will do for the over all equity market is yet to be seen...but my guess is....if China/India are about to get a good correction...money will be coming back here and will be bullish for equities.
http://stockcharts.com/c-sc/sc?s=$WTIC&p=D&yr=10&mn=8&dy=0&i=p12087200334&a=95543578&r=6453.png
http://stockcharts.com/c-sc/sc?s=$WTIC&p=D&yr=10&mn=8&dy=0&i=p12087200334&a=95543578&r=6453.png
