ziknik Posted December 10, 2008 Report Share Posted December 10, 2008 we rally rally now! (bottom is in) (temporary bottom) Do you think oil will make it to all the way to $70/80? I was hoping that PoO would keep dropping. I’m on the sidelines at the moment, I spent all my fiat on silver. There’s no new money for me until the new year Link to comment Share on other sites More sharing options...
kernull Posted December 10, 2008 Report Share Posted December 10, 2008 Do you think oil will make it to all the way to $70/80? I was hoping that PoO would keep dropping. I'm on the sidelines at the moment, I spent all my fiat on silver. There's no new money for me until the new year no. 50, 51... but not higher than 55 definitely, wave 5 is still comming on the stock market and the dollar will go higher. this is just a bounce. when euro hits 1.34 thats when you want to close Link to comment Share on other sites More sharing options...
kernull Posted December 11, 2008 Report Share Posted December 11, 2008 Link to comment Share on other sites More sharing options...
kernull Posted December 12, 2008 Report Share Posted December 12, 2008 Link to comment Share on other sites More sharing options...
jerpy Posted December 14, 2008 Report Share Posted December 14, 2008 What a difference a few months make well certainly to Arjun Murti. He’s the Goldman Sachs analyst who called for an oil “super spike” more than three years ago. When Murti first predicted oil could reach a $105 a barrel, way back in March of 2005, oil was trading below $60. And as for Arjun Murti, the guy who predicted all this… he now says $200 oil is a possibility in the next 12 to 24 months. http://www.contrarianprofits.com/articles/...last-laugh/1899 The once vaunted "oracle of oil" now says $45 for oil, he's been revising down the last few months since his May prediction. So much for fame, now comes the derision. http://www.khaleejtimes.com/biz/inside.asp...ection=business EDIT: Predicts low as far as $30 and a painful 1st qtr 2009 Link to comment Share on other sites More sharing options...
simonc Posted December 19, 2008 Report Share Posted December 19, 2008 EDIT: Predicts low as far as $30 and a painful 1st qtr 2009 This may well be guaranteed now as I've just put my Christmas bonus into LOIL I'm a tad nervous about going back into paper but in the absence of Cgnao I don't anticipate being told to "go and sit in the corner and think about what I've done' anytime soon I would have preffered bullion but I liken investments to butter. "They're better spread out a bit" Let's hope it doesn't turn out to be more like Tesco Value Margarine Link to comment Share on other sites More sharing options...
hotairmail Posted December 19, 2008 Report Share Posted December 19, 2008 This may well be guaranteed now as I've just put my Christmas bonus into LOIL I'm a tad nervous about going back into paper but in the absence of Cgnao I don't anticipate being told to "go and sit in the corner and think about what I've done' anytime soon I would have preffered bullion but I liken investments to butter. "They're better spread out a bit" Let's hope it doesn't turn out to be more like Tesco Value Margarine Because LOIL is a leveraged product, if you invested at $42 and it does go to $30, I believe that would double the decline from 28.6% to 57.2%. If you are unsure, that seems quite a lot to me. I have to say I am still in SOIL but am looking forward to investing in LOIL next year. I think this may be one where it is safer to invest in the trend line. Link to comment Share on other sites More sharing options...
simonc Posted December 20, 2008 Report Share Posted December 20, 2008 Because LOIL is a leveraged product, if you invested at $42 and it does go to $30, I believe that would double the decline from 28.6% to 57.2%. If you are unsure, that seems quite a lot to me.I have to say I am still in SOIL but am looking forward to investing in LOIL next year. I think this may be one where it is safer to invest in the trend line. Sadly, I'm not talking a hedge fund management-size bonus here. I'm in construction so that should tell you something about the size of the wedge that's gone in! I never dabble with money I can't afford to lose so the leverage doesn't really concern me too much. The long term fundamentals appeal to me but we'll see? Link to comment Share on other sites More sharing options...
hotairmail Posted December 20, 2008 Report Share Posted December 20, 2008 The volume and On balance volume indicators for crude have been stunning this week. See below. (I'm afraid you will need to click the box for volume and then edit in order to add the volume and obv indicators). http://www.investorsintelligence.com/x/igc...art&id=838# Link to comment Share on other sites More sharing options...
kernull Posted December 21, 2008 Report Share Posted December 21, 2008 Oil Weekly: Oil 4hrs: Link to comment Share on other sites More sharing options...
kernull Posted December 21, 2008 Report Share Posted December 21, 2008 Link to comment Share on other sites More sharing options...
drbubb Posted December 21, 2008 Author Report Share Posted December 21, 2008 Ker, Have you looked at how OIH leads oil? I think it will give you a meaningful clue when to jump in. Peter has started a thread on the OIH bellwether in the Main section. Link to comment Share on other sites More sharing options...
kernull Posted December 21, 2008 Report Share Posted December 21, 2008 Ker, Have you looked at how OIH leads oil? I think it will give you a meaningful clue when to jump in. Peter has started a thread on the OIH bellwether in the Main section. thanks Bubb, i posted my view there. Link to comment Share on other sites More sharing options...
kernull Posted December 21, 2008 Report Share Posted December 21, 2008 one comment, to the EW count, we still may have a bit of downside in crude, probably in parallel with gold and euro in the begining of the week, and also we could make a lower low than the last below 40, and that low should be the buy. this , due to that within the (5), we could still have a minor (v) wave, and the triangle being the abc on the (iii) of the (5) wave. Link to comment Share on other sites More sharing options...
kernull Posted December 23, 2008 Report Share Posted December 23, 2008 Link to comment Share on other sites More sharing options...
kernull Posted December 26, 2008 Report Share Posted December 26, 2008 updated EW counts on oil: http://i430.photobucket.com/albums/qq30/ke...hly-1226-ew.png http://i430.photobucket.com/albums/qq30/ke...ily-1226-ew.png Link to comment Share on other sites More sharing options...
ziknik Posted December 29, 2008 Report Share Posted December 29, 2008 Ker, have you noticed that Photobucket is removing your work? http://www.greenenergyinvestors.com/index....ost&p=74324 Link to comment Share on other sites More sharing options...
kernull Posted December 29, 2008 Report Share Posted December 29, 2008 Ker, have you noticed that Photobucket is removing your work? http://www.greenenergyinvestors.com/index....ost&p=74324 sorry, i had to delete them because it was a mess i could not find a chart i needed, i will delete files older than 30 days. i archive only monthly/weekly stuff or some interesting patterns Link to comment Share on other sites More sharing options...
kernull Posted December 29, 2008 Report Share Posted December 29, 2008 i still believe in 55 oil , our critical resistance level for 55 oil, is 43, on break of it (and confirmation) we should do the correction on the downside from 147 to at least 55 . getting 60 is not invalid, because we can have waves more than 15 bucks on 'B' (the up wave) , but less probable. daily chart already confirmed bottom, but breaking 40.50 is still under question. Link to comment Share on other sites More sharing options...
kernull Posted December 30, 2008 Report Share Posted December 30, 2008 if crude confirms to be bullish, the thursday should be big upside, but it is holliday, so maybe it will be friday. maximum upside is calculated as 58 , and key resistances are 40.50 and 43.00. lets see, london should be buying tomorrow (tuesday 30) Link to comment Share on other sites More sharing options...
kernull Posted December 30, 2008 Report Share Posted December 30, 2008 Link to comment Share on other sites More sharing options...
kernull Posted December 31, 2008 Report Share Posted December 31, 2008 woooaahh! 44.00! amazing Link to comment Share on other sites More sharing options...
kernull Posted January 2, 2009 Report Share Posted January 2, 2009 Link to comment Share on other sites More sharing options...
kernull Posted January 2, 2009 Report Share Posted January 2, 2009 quick update: i think we are in an extension , so, we are still in wave 3 and the wave 3 could go to: 1) 52.78, as the 23.6% retracement from 110 move (scroll up for previous EW counts) 2) 49 as the second part of wave 3 (asuming it will have 2 extensions only) 45-37 = 8 , 41+8=49 more tuning & charts on weekend Link to comment Share on other sites More sharing options...
ziknik Posted January 2, 2009 Report Share Posted January 2, 2009 ... more tuning & charts on weekend Cheers Ker. I really appreciate you sharing your work Link to comment Share on other sites More sharing options...
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