1/ NEW YORK (MarketWatch) â Crude futures on Friday dropped to below $100 for the first time since March 1, extending recent losses, as the highest recorded earth quake in Japanâs history diverted attention from political strife in the Middle East. J.P. Morgan analysts said the Japan earth quake and its aftershocks will affect the economy of Japan and the world at large. Read more about the Japanese quake. 2/ âThere will be an impact on power consumption,â J.P. Morgan analysts noted. âOil could see increased demand for power use, and outages have been reported at several refineries.â
They're now saying that they're expecting 8' tsunami waves in Crescent City, CA. Wow! That's really big. Again, this isn't like an 8' regular wave. It's a mass of water miles long and traveling at 500 miles an hour. I'm going to take off in a few and drive to higher ground. I'm just a few blocks from the beach. I'd like to see it. See if I can find somewhere to look down on it. Around 1990, one night it rained 12" in 12 hours and I was totally flooded out of my place. Lost almost everything. Nothing I could do. The next morning I found a dead rainbow trout right in front of my door. Poor baby. Couldn't help but laugh. God injecting a little humor into the scene. Send your disaster assistance checks to BCE Santa Barbara, CA. They'll get it to me.
Thanks, Kid, you're too kind ---- BCE, you'll be fine, Japan will be fine, Hawaii will be fine, the major humanitarian problem is if it hits the Philippines or the Eastern half of Indonesia... Oh, wait, this is oil we're talking about here ----- alaidi RT @Fatima_bn: 18 % of #japan's oil refining capacity has shut down due to tsunami. #oil #tsunami #japan $$
-it looks weak but still to early to be sure - at what point will you be sure? - then when you know shorts are in control whats the target? LOD & 99 -always better to be late to the party, and pickup the leftovers jmho
Looked like it was headed mildly to my resistance levels in typical fashion and had managed to shrug off some short signals on the way. I do like your points very much