..off topic http://www.drudgereport.com/flash3gp.htm Nightmare 4 $?...in the Euro zone gasoline costs more than 7$ a gallon! Q.
Sheesh, I just put on the hedge...This one will be a long trade...(question: who is intervening at these extremes with such power?)
I don't know fundamentals, but from a TA point of view.. I have noticed that when there is a trendline break from a reversal setup, the first pullback on the new reversed trend is a great opportunity not only for a continuation on the new trend, but I find that a large move occurs sometimes. 3/11/2005, 2b reversal occured causing a trendline break. There was a pullback. After the pullback prices made consecutive lower highs and lower lows... trend has been down since the 16th. This is from a 1hr chart. So whatever is going on... I've seen a downtrend since then. No surprise