OIL selloff too far to fast

Discussion in 'Commodity Futures' started by sobemark, Sep 12, 2006.

  1. I am taking a position in QM at the close 63.80 ..

    i am prepared to scale into this position ... for the inevitable bounce ...

    i smell blood in the streets and the start of capitulation as told by the increase in vol.

  2. rcmcfe


    I agree with the "too far to fast" part, but I wouldn't buy yet.
  3. I am going to watch this very closely too....there could be a real good entry here over the next few days.
  4. trendy


  5. Not really, considering that most guys who make under half of what I rake in... usually do at least double the bragging.
  6. This kind of action looks like forced liquidation to me.
  7. Pabst


  8. A conspiracy theorist might suggest that oil prices will moderate into the elections. :D

    Of course, a market observer might just call this an expiry smacking in the making...
    #10     Sep 12, 2006