OIL selloff too far to fast

Discussion in 'Energy 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.

    --m
     
  2. rcmcfe

    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

    trendy

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

    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