Here is a general comment in the form of a question:
Is oil's
decline nothing more than a "healthy" albeit nasty pullback in a secular
bull trend, or, is it indicative of deflationary forces firmly gaining
the upper hand. Falling oil prices have been viewed by many as
supportive of shares, but at this juncture I think that is, at best, a
problematic stance.
--- On Sat, 7/26/08, Ben <profitok@xxxxxxxxxx net> wrote:
> From:
Ben <profitok@xxxxxxxxxx net>
> Subject:
[TimeandCycles] crude oil whats next
> To: TimeandCycles@ yahoogroups. com
> Cc: realtraders@ yahoogroups. com
> Date: Saturday,
July 26, 2008, 2:35 PM
> Attach is the chart of crude
> it
looks like a free fall
> the 4 lines on top of screen repisent the
perfect stop loss
> (this is where you would add to position if
mkt goes up
> and you are long)
> or add to positions if you
are short
>
> the trick is do we want NOW to be long or
short?
> the answer lies in the bottom indicator
> its
called long term trading
> it only gives clear buy and sell 1-2
times per month
> (a close from under lower line to above it,, or
a close
> from above upper line to under it)
>
> we
are now in the center?
>
> But,, price is making lower lows
and long term trading is
> NOT
> suggesting,, , going long
here is safe with tight
stops