OIL selloff too far to fast

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.

--m

 

I agree with the "too far to fast" part, but I wouldn't buy yet.

 

I am going to watch this very closely too....there could be a real good entry here over the next few days.

 

I called it first.


http://www.elitetrader.com/vb/showthread.php?threadid=76720

(Your 'real good entry' is <b>right now!</b>)

 

LOL!! wtg

 

"I called it first! I called it first!" Sounds kind of childish coming from a man of your stature, don't ya think?

 

Not really, considering that most guys who make under half of what I rake in... usually do at least double the bragging.

 

This kind of action looks like forced liquidation to me.

 

I called the GOOD move first!

http://www.elitetrader.com/vb/showthread.php?s=&threadid=73015&highlight=oil


Obviously I was wrong about the implications in equities but I've made out ok.......

 

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

Of course, a market observer might just call this an expiry smacking in the making...