Re: [RT] Oil

[Ben <profitok@xxxxxxxxxxxxx>]

Hello

 

I think you are BOTH right

a pull back is only to 45-47  area

and then new highs

 

an example of demand  will clear  your outlook

in 1990  they were only  100 cars in china for each 10000  people

in 2000  there are   1000 cars for each 10000  people

this positively WILL impact  demand as  in  2010  it will be  possibly  2500-3500

Ben

----- Original Message -----

From: Brad Cline

To: realtraders@xxxxxxxxxxxxxxx

Sent: Tuesday, October 12, 2004 7:40 PM

Subject: Re: [RT] Oil

Ira,

Did you have the courage to short at your number?  :-))    I got it on the way down today and added more on the formation of the outside day. This has been a parabolic rise reminiscent of bonds last year.  I had a guy calling today wanting me to buy call options on crude as their firm is calling for it to go to $100 over the next year and $10 a gallon gasoline. I told him pigs would fly by then too. If it does the world will be in a severe recession or possible depression.

Brad

----- Original Message -----

From: mr.ira

To: real traders

Sent: Wednesday, October 06, 2004 11:30 AM

Subject: [RT] Oil

Well, the November contract is rapidly reaching my target price of $53.56 +/-.  Let us see if that acts as resistance as it should.  Will a retracement start a much anticipated move down or will it be just another retracement before another up move. 

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