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Re: [RT] Crude Oil downside targets



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Brian,
 
  Looks to me like the Crude Oil price has 
significantly broken your line. Am I reading this wrong?   Do you do 
Cotton? Cotton is trading now at 31 cents, is cheaper than its 1932 low of 
8 cents when adjusted for inflation.  Coffee is another interesting market 
now trading near its 25 year lows. 
 
Thanks,
Norman
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  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  BL 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Tuesday, October 09, 2001 8:05 
  PM
  Subject: Re: [RT] Crude Oil downside 
  targets
  
  Here's a variant of the typical Stealth curve 
  that I posted to my webpage Oct 3 for Nov Crude (<A 
  href="http://www.hitech-analytics.com/crude_oil_9.pdf";>http://www.hitech-analytics.com/crude_oil_9.pdf).  
  I'm showing Stealth support in the general downside area as Dorothy.  
  Though the support has yet to be sufficiently tested, it appears to be the 
  only choice at the present.  The channel has nice support/resistance 
  of the Stealth median line which is another means of "testing" the 
  channel. - Brian
   
   
   
  Disclaimer:   This message and linked 
  chart do not represent trading orinvesting advice.  There is extreme 
  risk in trading futures, and the maximumloss is not limited to pledged 
  margin capital.  Consult your professionalfinancial advisor or broker 
  prior to making any trading/investing decisions.
   
   
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    ----- Original Message ----- 
    <DIV 
    style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
    <A title=dorothy.carter@xxxxxxxx 
    href="mailto:dorothy.carter@xxxxxxxx";>Dorothy Carter 
    To: <A 
    title=realtraders@xxxxxxxxxxxxxxx 
    href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
    
    Sent: Monday, October 08, 2001 11:32 
    PM
    Subject: [RT] Crude Oil downside 
    targets
    
     
     
    On 9-14 at the 29.91 high -  Dec Crude 
    Oil met 29.14 upside targets given on August 2nd...  & reversed 
    within 3 trading days as typical and gave downside target which has been 
    met....but has unfulfilled downside targets...
     
    Energy complex futures contracts go off the 
    board a month early.. so next week is the last week for Nov 
    crude... so it will be interesting to see if these targets can be 
    met within the next 9 trading days.   New targets :  
    19.65  19.59  19.18   ..  Three targets in same 
    price area does make them higher confidence targets.... my question is the 
    narrow time window in order to be met........  Dec Crude 
    target given right off top 26.58 was met but has following targets 
    :  20.55   (9-26 low 20.75)  17.90, 16.95 
     
    If the war expands to Middle East and energy 
    source is cut off... the recent
    Putin/Bush connection appears to be a 
    win/win for both countries.  Allegedly OPEC has contacted Putin 
    complaining about Russian cooperation and that the Russian's position is 
    that they view this as not only a much needed potential economic opportunity 
    but also an opportunity to improve their relations with U.S.A.  .  
    ..  So the 911 tragedy could end up being the undoing of OPEC 
    brethern.........given  weak global economy and improved Russian/USA 
    relations
     
     
    <A 
    href="http://www.quote.com";>http://www.quote.com      Nov 
    Crude  CL01X     Dec Crude  CL01 
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