Guest Posted November 18, 2003 Report Share Posted November 18, 2003 As Mark and shorty pointed out, the whole energy complex -- crude oil, heating oil, unleaded gasoline -- has EXPLODED. . . Link to comment Share on other sites More sharing options...
wndysrf Posted November 18, 2003 Report Share Posted November 18, 2003 Now there's a SERIOUS volume spike..... Link to comment Share on other sites More sharing options...
BarBu Posted November 18, 2003 Report Share Posted November 18, 2003 As Mark and shorty pointed out, the whole energy complex -- crude oil, heating oil, unleaded gasoline -- has EXPLODED. Gold was the first shoe to drop ... energy is the 'other shoe' ... the kiss of death for the stock market. Monster raving bearish. cancelled my PPP buy order when big brother speak..., I am humble. Link to comment Share on other sites More sharing options...
Sphinxter Posted November 18, 2003 Report Share Posted November 18, 2003 As Mark and shorty pointed out, the whole energy complex -- crude oil, heating oil, unleaded gasoline -- has EXPLODED. Gold was the first shoe to drop ... energy is the 'other shoe' ... the kiss of death for the stock market. Monster raving bearish. Funny, though, that the Market seems to be mainly unaware of its imminent demise. To reverse paraphrase Twain, the Market might say: "Reports of my health have been greatly exagerated" Link to comment Share on other sites More sharing options...
Farmer Posted November 18, 2003 Report Share Posted November 18, 2003 Plan bee gold up...... check Energy up....check Comod.........check Thank all in stoolville.....check polish speech........check take gun and rope back.....check only read bearman...check Link to comment Share on other sites More sharing options...
wndysrf Posted November 18, 2003 Report Share Posted November 18, 2003 This chart of the OSX is a little more current.... There she goes!!! Buy those drillers!!!! Link to comment Share on other sites More sharing options...
Bearbones Posted November 18, 2003 Report Share Posted November 18, 2003 They kicked the economy in the behind and will now be surprised when its head hits a gas pump. Link to comment Share on other sites More sharing options...
Sphinxter Posted November 18, 2003 Report Share Posted November 18, 2003 I hope everyone bought that dip at 2:27:14 p.m. Link to comment Share on other sites More sharing options...
longOnUranus Posted November 18, 2003 Report Share Posted November 18, 2003 am holding some NEM 45 nov calls, which the wife said "sell!", and I was going to...but sphinx and wndy got me thinking....mebbe it's worth holding for another day.... dozer...not that I'm going to tell you how to do options, not at all, but... OPEX week is an equal opportunity ball crusher, especially for drive-through OPEX party animals who hold front month expiries. Take your winners an run with 'em. Or take profits and move to (at least) Dec., But then, who am I to give advice. g'luck!! Link to comment Share on other sites More sharing options...
dozer Posted November 18, 2003 Report Share Posted November 18, 2003 To reverse paraphrase Twain, the Market might say: "Reports of my health have been greatly exagerated" Link to comment Share on other sites More sharing options...
machinehead Posted November 18, 2003 Report Share Posted November 18, 2003 As Mark and shorty pointed out, the whole energy complex -- crude oil, heating oil, unleaded gasoline -- has EXPLODED. Gold was the first shoe to drop ... energy is the 'other shoe' ... the kiss of death for the stock market. Monster raving bearish. ? Funny, though, that the Market seems to be mainly unaware of its imminent demise. It is funny how the market will sometimes have a delayed reaction to news. We're all keying off the new high in the Dec. 2003 crude oil contract. The nearby contract (now expired) reached almost $40 in March. The sheeple won't hear anything about this until tonight or tomorrow, and it will be low key since the media pay little attention to the futures markets. The oil price increase won't become a big deal in the media until it hits $40 -- which technically, owing to today's breakout, is the next target. Link to comment Share on other sites More sharing options...
BarBu Posted November 18, 2003 Report Share Posted November 18, 2003 where is Buddhabob.. I was expecting him Popping up as usual Link to comment Share on other sites More sharing options...
scottcardiff Posted November 18, 2003 Report Share Posted November 18, 2003 HUI has quite a bit of fib resistance at 240-250 Something I find interesting is the complete lack of discussion re: deflation. It appears that conventional wisdom is that the Fed has defeated deflation. All the Fed has done is to defeat the dollar and import inflation, AS LONG AS THE DOLLAR DROPS. But at some point, other nations will move to devalue their own currencies. For the deflationary scenario to occur, look for the following Bonds have to keep going up. Yields are forming a triangle pattern The HUI has to turn down at 240 zone The dollar has to bounce at the 87-89 zone IMO, we are on the verge of Hyper's worse-case scenario. Link to comment Share on other sites More sharing options...
Sphinxter Posted November 18, 2003 Report Share Posted November 18, 2003 I find these two graphs to be a bit odd when taken together. How can you have both at the same time? Given the China/JPY/et al. have bought 40+% of the bonds, it seems improbable that you can suffer a multi-currency collapse of the USD and have bonds hold steady. Must be some serious buying of bonds by "our" guys. Your tax dollars at work. Link to comment Share on other sites More sharing options...
dozer Posted November 18, 2003 Report Share Posted November 18, 2003 Plan bee gold up...... check Energy up....check Comod.........check Thank all in stoolville.....check polish speech........check take gun and rope back.....check only read bearman...check dat's the funniest thing i've read all day farmer! Long: i appreciate the tip. i KNOW i should sell 'em now...and the nest-building half of the species sez so too...but NEM just keeps goin UP dammit! greed is overtaking fear, know what i mean? well, i only have a c-note into 'em...i think i'm gonna take a flyer and see what happens tomorrow. prolly get my balls crushed just as you say, but what the hell....risk/reward ratio, right? Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.