Crude Oil is something to keep an eye on, if that were to really
weaken and go to new lows it could be a drag on the market, it was
up again this morning but once again stopped at the 9 EMA, lot of
dojis lately,
ha ha, thanks for sharing, but it makes sense with the herd
mentality. Over the years I've seen neighbors buy SUV's when
gas was cheap and then turn around and sell them for a loss when
gas was expensive and dealers wouldn't give them much for them
because demand was low for for them, and then pay over cost for a
Prius, then repeat the process again when in realitiy they should
have done the opposite - sheep is the descriptive word
Crude Oil
Posted by matt on 18th of Dec 2014 at 11:34 am
Crude Oil is something to keep an eye on, if that were to really weaken and go to new lows it could be a drag on the market, it was up again this morning but once again stopped at the 9 EMA, lot of dojis lately,
Matt, I see really strong
Posted by zenman on 18th of Dec 2014 at 11:40 am
Matt, I see really strong support around 47 ish. At that point, I start filling up the swimming pool with crude.
It went into the mid
Posted by rbreese on 18th of Dec 2014 at 11:47 am
It went into the mid 30's last time in free fall from 140. Good luck .
Yes, I could find a
Posted by zenman on 18th of Dec 2014 at 12:12 pm
Yes, I could find a sole to invest in our oil property in Alberta at that price. But, later at $100, there were no shortage of suckers...
ha ha, thanks for sharing,
Posted by matt on 18th of Dec 2014 at 12:17 pm
ha ha, thanks for sharing, but it makes sense with the herd mentality. Over the years I've seen neighbors buy SUV's when gas was cheap and then turn around and sell them for a loss when gas was expensive and dealers wouldn't give them much for them because demand was low for for them, and then pay over cost for a Prius, then repeat the process again when in realitiy they should have done the opposite - sheep is the descriptive word
ha yeah - also can
Posted by matt on 18th of Dec 2014 at 11:42 am
ha yeah - also can you post a chart showing the support there?
http://screencast.com/t/HqVTSH1tcdm Upward trend line on monthly
Posted by zenman on 18th of Dec 2014 at 11:49 am
http://screencast.com/t/HqVTSH1tcdm
Upward trend line on monthly
Nice line zenman, thx
Posted by swh13 on 18th of Dec 2014 at 12:00 pm
Nice line zenman, thx