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