Once we get some good upmoves going... I'm suspecting that we have had Wave 1 sell off of a down trend... and that we will get a wave 2 upmove.
we will see if there is a move to new highs.... but it's all going to trade off of oil.... if oil can correct down to 110 or something reasonable... we can get new highs... if it keeps going..... We are doomed.
Wednesday, May 21, 2008
Looking at things
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2 comments:
Hope the computer situation is better.
Oil looks way ahead of itself, at least in the very short term.
DUG? I got some today.
Your thesis before about the demand not tripling was prescient-- now it should drop back to at the very least $125 and maybe $120. Who knows, it may fall off the cliff.
The computer is better than ever... Now if only I could get back some of my "Tick" data.
I lost about $300 on dug.
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