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Don,
I think July is now the lead month for Gasoline. Take a look at the
differance between July and August for two very different pictures.
What is really important to companies like Chevron is the
spread between Crude Oil and the products such as Gasoline. Lately, Gasoline
prices have created a very high profit margin for refiners. Perhaps there is
someone on this list familiar with the details of this relationship?
By the way, I think your Wave III top was circa May 10 when Mars
(energy) and Neptune (liquids like oil) were turning Retrograde. There is a
Fibonacci harmonic due for Mars Retro on June 6, so perhaps this will be a
turning point for the energy complex.
Cheers,
Norman
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----- Original Message -----
From: "Don Ewers" <<A
href="mailto:dbewers@xxxxxxxxxxxxx";>dbewers@xxxxxxxxxxxxx>
To: <<A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, May 27, 2001 9:59 AM
Subject: Re: [RT] Back in the oil bidniz, please help me mr.
president
> Steve,> FWIW the attached "weekly" Unleaded Gas chart
would support your long> position on Chevron (in a longer time frame)
with higher prices likely ahead> (as the wave 5 target range is
approached). The previous wave 4 retracement> came in just above the
50% level (wave 2 to wave 3) and it had a well> formed ABC pattern
to it, which I generally prefer to see in a wave 4. All> in all, a
textbook EW pattern has been unfolding (so far) on the weekly.> >
The MOB target area ("make or break" starts at 130 (to 134.80) from the>
current price of 111.69) and it might be a good "get off point" if your
long> recommendation on Chevron works out. The timing marks on the
MOB indicate> the possible timeframe for this price advance (1st black
vertical timing bar> is the week of 6-1 and the 2nd the week of 9-14,
with a half way point the> week of 7-27, rough halfway points I am told
(Earl) tend to come in more> than the second timing bar).>
> From the daily chart you posted, there may be several buy and sell
points> between now and the target area of course. Thanks for sharing
this "equity"> trade though, one worth watching it would appear!>
Good luck and good trading> don ewers> > ----- Original
Message -----> From: "Steve Karnish" <<A
href="mailto:kernish@xxxxxxxxxxxx";>kernish@xxxxxxxxxxxx>> To:
<<A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx>;
<<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx>;>
<<A
href="mailto:Metastockusers@xxxxxxxxxxxxxxx";>Metastockusers@xxxxxxxxxxxxxxx>>
Sent: Friday, May 25, 2001 11:21 PM> Subject: [RT] Back in the oil
bidniz, please help me mr. president> > List,> I seldom
publish equity buy signals to the list. But, here's a play to>
ponder. I slapped on the fib retracements for a special three day,
weekend> treat. It's a real piece of "eye candy".> >
Buy and sell arrows are automatically placed by a Chande Momentum>
Oscillator, triggering signals, at symmetrical, equal distances from a>
center baseline.> > Anyone with decent analytical software, should
be able to recreate this> success with the CMO, a good StoRSI, or
reliable momentum oscillator of> there choice. All it takes is a
lot of research work.> > Happy Holidaze,> > Steve
Karnish, Financial DJ> Cedar Creek Trading> <A
href="http://www.cedarcreektrading.com";>http://www.cedarcreektrading.com>
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