Re: [RT] Markets

[Ben <profitok@xxxxxxxxxxxxx>]

temporary means  it is going to go up for 1-3 days

oil made nice reversal today

bonds top out today

market bottom today

oil top  today

gold bottom today

this is only for 1-3 days and then the opposite will happen

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

From: Bob

To: realtraders@xxxxxxxxxxxxxxx

Sent: Thursday, March 17, 2005 6:34 AM

Subject: Re: [RT] Markets

I don't know what you mean by "temporarily" nor am I sure what market you believe is an OPPORTUNITY to get long, but if you're referring to stocks then that's a trade I'll happily take the opposite side of. 

 

Oil's up another 85 cents @57.30 as I write this.....maybe it's a head fake before a collapse but the trend is the trend until it isn't and right now we have one strong uptrend on oil.  Picking tops and bottoms is also a fool's game.

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

From: Ben

To: jvc689@xxxxxxx ; vincent ; ntt-list@xxxxxxxxxxxxxxx ; realtraders@xxxxxxxxxxxxxxx

Cc: jcurry@xxxxxxxxxxxxxx ; doroty.h ; Elizabeth (E-mail) ; Don Thompson ; Dom Perrino ; Mike Burk ; Yacov Twena ; U. Stuart-Auslander@xxxx Net (E-mail) ; Steve Walker ; Steve Roberts ; ROSOW@xxxxxxx ; Ronald McEwan ; panda2222@xxxxxxxxxxxxx ; Ned ma

Sent: Wednesday, March 16, 2005 9:53 PM

Subject: Re: [RT] Markets

Hello Ira

 

oil has topped out  (temporarily)

stocks have bottom (temporarily)

bonds  have bottomed (temporarily)

oil, gold , crb, all are in a MAJOR bull market, inflation IS back

this is an OPPERTUNITY to  get long on this pull back

Ben

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

From: mr.ira

To: Undisclosed-Recipient:;

Sent: Wednesday, March 16, 2005 3:08 PM

Subject: [RT] Markets

I have some interesting questions based upon my charts.  If oil doesn't hold its resistance in this area, I have price objectives of $63 and $70 a barrel.  In buying power $70 would equate to the cost per barrel in the 1970s.   In the 70s interest rates wentover 20%.  Silver hit $50 per ounce and we all know what gold did.

 

What happens to the markets if oil reaches those prices?  Will the Euro become the currency of choice around the world?  If so, how low can the dollar go?  How high will interest rates go if countries opt for Euros versus the dollars and a liquidation of our debt occurs along with the reduction of dollar reserves?  How high can basic commodities go?  Priced in Euros our commodities are very cheap.  Brazil excepted.

 

There are some very interesting plays ahead when oil either collapses or explodes.  Best plan now for the future.

 

Have a good week,  Ira.

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