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dreamer
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
Location: Northern California

Re: Light Sweet Crude ...
PostPosted: Mon Jan 11, 2010 1:21 pm Reply with quoteBack to top

83.72 +0.97

On its way back to 100.

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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: Light Sweet Crude ...
PostPosted: Mon Jan 11, 2010 5:55 pm Reply with quoteBack to top

dreamer wrote:
83.72 +0.97

On its way back to 100.


Eventually, but I suspect it is going to have one more dip -- whent the stock market swoon happens. I played the last one (and made a few bucks with my stops), but I probably won't risk it on this one.

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"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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Re: Light Sweet Crude ...
PostPosted: Tue Jan 12, 2010 6:00 am Reply with quoteBack to top

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bdc63
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Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: Light Sweet Crude ...
PostPosted: Thu Jan 21, 2010 8:44 pm Reply with quoteBack to top

bdc63 wrote:
dreamer wrote:
83.72 +0.97

On its way back to 100.


Eventually, but I suspect it is going to have one more dip -- whent the stock market swoon happens. I played the last one (and made a few bucks with my stops), but I probably won't risk it on this one.


L.S.Crude closed below $76 today, and the DOW is down 213.

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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mahalo guy
Demolition Man


Joined: 28 Jun 2008
Posts: 2082
Location: Honolulu

Re: Light Sweet Crude ...
PostPosted: Thu Jan 21, 2010 10:18 pm Reply with quoteBack to top

Where to buy here? Long.
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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: Light Sweet Crude ...
PostPosted: Fri Jan 22, 2010 6:07 pm Reply with quoteBack to top

below $75 today. down 10 bucks since the Jan. 11 high.

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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dreamer
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
Location: Northern California

Re: Light Sweet Crude ...
PostPosted: Fri Jan 22, 2010 8:03 pm Reply with quoteBack to top

The weekly chart looks fine.

Exponential averages:

50 week = 72.22
200 week = 71.34

After a big break up through the above averages a consolidation is to be expected. Stockastics never got overbought. I'm a buyer here.

I like EGY for a stock pick.

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There isn't anything so bad that the Government can't make worse...

The 4-functions of government today are the same as a criminal enterprise: Lie, Cheat, Steal, and Kill...
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bdc63
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Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: Light Sweet Crude ...
PostPosted: Thu Feb 04, 2010 8:44 pm Reply with quoteBack to top

down 5% today to $73 even.

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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dreamer
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
Location: Northern California

Re: Light Sweet Crude ...
PostPosted: Fri Feb 05, 2010 12:48 am Reply with quoteBack to top

On the weekly charts its still above the 50 and 200 period avgs.

I like oil better than paper.

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There isn't anything so bad that the Government can't make worse...

The 4-functions of government today are the same as a criminal enterprise: Lie, Cheat, Steal, and Kill...
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bdc63
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Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: Light Sweet Crude ...
PostPosted: Fri Feb 05, 2010 4:35 pm Reply with quoteBack to top

$69.80 at noon on Friday. Euroland's troubles are driving people in droves to the "safe haven" of the dollar. Rolling Eyes

dreamer wrote:
On the weekly charts its still above the 50 and 200 period avgs.

I like oil better than paper.


At $69.80, I bet those charts don't look too good.

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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