Re: [RT] Oil

["Brad Cline" <bradcline@xxxxxxxxxxx>]

Ira,

Did you have the courage to short at your number?  :-))    I got it on the way down today and added more on the formation of the outside day. This has been a parabolic rise reminiscent of bonds last year.  I had a guy calling today wanting me to buy call options on crude as their firm is calling for it to go to $100 over the next year and $10 a gallon gasoline. I told him pigs would fly by then too. If it does the world will be in a severe recession or possible depression.

Brad

----- Original Message -----

From: mr.ira

To: real traders

Sent: Wednesday, October 06, 2004 11:30 AM

Subject: [RT] Oil

Well, the November contract is rapidly reaching my target price of $53.56 +/-.  Let us see if that acts as resistance as it should.  Will a retracement start a much anticipated move down or will it be just another retracement before another up move. 

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