20 reasons why Oil to NEVER hit $135.00 again...dated: May 22, 2008

Discussion in 'Commodity Futures' started by increasenow, May 22, 2008.

  1. great post...
     
    #311     Jun 17, 2008
  2. tomorrows EIA 10:30am announcement will be HUGE...watch the move...
     
    #312     Jun 17, 2008
  3. increasenow,
    seemingly not even you are taking yourself seriously any longer at this point.

    Just let the thread die a slow death and move on instead of making a freakshow out of it.

    In the end all you'll accomplish is that the thread moves into chit-chat and dies a miserable death there - or you can transform it into a sidekick to amuse yourself for some time in chit-chat - although it'll just be a sad reminder of how a trader can disintegrate for anyone who are reading.
     
    #313     Jun 18, 2008
  4. confirmed...watch for serious selling into the weekend...bearish move continues...
     
    #314     Jun 18, 2008
  5. jasonjm

    jasonjm

    i dont see anything bearish at all

    I was short crude and threw in the towel yesterday

    if anything this looks like its going to move higher

    We have one solid week of nonstop jawboning to lower crude, and nothing has worked

    Short squeeze coming, watch
     
    #315     Jun 18, 2008
  6. good points...I'm looking for a CL short entry tomorrow morning sometime after 9:00AM New york open..also, looking at DAX, FTSE, eminiSP500 as they respond to CL moves...very interesting...
     
    #316     Jun 18, 2008
  7. CONFIRMED as of thursday June 19th at 2:07pm nytime
     
    #317     Jun 19, 2008
  8. JSSPMK

    JSSPMK

    I will be trading QM tomorrow from short side
     
    #318     Jun 19, 2008
  9. another great post...go for it!why QM and not CL?...how many contracts per your QM trades...I look at the QM but the bid/ask spread is so high...usually like .07-15 cents or more...your thoughts, experience with the QM?
     
    #319     Jun 19, 2008
  10. Call me crazy but the way oil is acting clearly signals a top.


    The gyrations and volatility we've see recently is soooo reminiscent of a bubble about to burst.

    Just look at any bubble chart top and it looks just like whats going on with CL.

    Last weeks rocket was such an obvious shake out. Man, the older you get the easier it is to anticipate these things..

    A buddy of mine was confident we saw the top during that late may to june downfall. I was like, no no no, we will see a violent shakeout before this thing collapses. I think we saw it, actually there may be one more. I think we will have one more shakeout to the upside before the free fall

    See ya @ 100.00 by year end.
     
    #320     Jun 19, 2008