Replies

I just looked at a chart of crude prices ...

Crude is right AT the widely-followed "200day moving average" ... if that's busted through down in the next week or so, many traders will exit post haste. These weeks coming up could be a major down move if the down trend continues, even today. Today would be a very good opportunity for a speculator on the downside to get into this market - but do it early.

22 posted on 11/15/2005 4:15:10 AM PST by AFPhys ((.Praying for President Bush, our troops, their families, and all my American neighbors..))

"Crude is right AT the widely-followed "200day moving average" ... if that's busted through down in the next week or so, many traders will exit post haste. These weeks coming up could be a major down move if the down trend continues, even today. Today would be a very good opportunity for a speculator on the downside to get into this market - but do it early."

First, we had the pump:

"Crude oil will reach $105 a barrel! WE'RE DOOMED! But you can profit handsomely..."

And, if you're right about what comes next...here comes the dump.