
Feels like we have some fear... should see a short term bounce.
People jumping short and puking up their reversal stocks from yesterday...
I'm looking at rig, we had that green candle yesterday... Umn it's in that 50-47 range... I'm just more interested in today's action... thinking about the 47 support...
I'm just keeping an eye on it.
all this oversupply... I mean it just means more oversupply...
that they are buying oil and selling it in the future.... Well.... That just means there will be even more supply in the future. So as more supply shows up...
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Wednesday, January 14, 2009
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