It certainly seems like it would be a reasonable period to... Start Shorting Oil Start Buying Dollar Both would be a longer term ...averaging proposition... Since 1978...I have never seen such one sided positions... The media..the public..the experts...the pundits....all seem to be short the dollar....long oil... Prices are not a one way street....and what is present in the marketplace today....is all about prices being very high....and certainly not modest or relatively low...
I have to agree with you on this..I keep watching my higher time frames for entries. Not necessarily for a total reversal play but at least for one nice pullback move.
I tend to agree. Not all in..but DCA at % points away is the move..and being prepared to take a little heat(as all long term plays tend to provide). Contrarian thinking is not about going against the crowd simply for the sake of it. But taking notice of extreme sentiment in either direction and then pouncing when the tide starts to change. desea vivo la burbuja del petróleo crudo! I always like your posts Libertad!