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B4 the Bell Humpday, Sept. 22, 2004


Guest yobob1

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Oil will not save us

 

DOE

crude oil inventories of (9.1M) vs. (7M) brls

gasoline inventories (2.8M) vs. (2.5M) brls

distillate inventories (1.5M) vs. (1.5M) brls

 

API

crude oil inventories of (12.9M) brls

gasoline inventories of (3.3M) brls

distillate inventories vs. (2.4M) brls

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today we'll see how good they really are.

 

Ten Year Yield, Price of Oil and Federal Open Mouth Operations must all be coordinated simultaneously...can they do it?

 

Isn't it Putin's turn to make a new oil discovery?

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There's always a rally in something. Uranium hits a new high.

I keep thinking CCJ will see a pullback, but it has yet to have a high volume up day..had some high volume parabolic days last year. I'm not sure many people understand the technicals on this market (including me), so it seems ripe for a pullback.

 

It's going to take discipline to buy and hold vs. trade these stocks when the fundamentals are so poorly inderstood, and the technicals are as wierd as it gets:

post-20-1095864373.gif

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