Crude oil hits target!
On July 10, 2008 a Sunday night, I said to short Crude Oil at the open on Monday morning, the 11th, with an ultimate target of $75.00 in six months. Oil Opened at 147.10 and dropped from there. It is just a few days past 3 months and Crude Oil hit $74.975 this morning. We are now flat, resting waiting for another opportunity. When I decided this the market was in great fear of Crude oil going higher and gas going to $5.00 per gallon.
Contrary thinking at pivotal wave structure, set the view of market psychology I had.
We are now flat all markets.
Hopefully this will help real estate in the long run, lower oil will help the economy and ultimately real estate.
Richard
view my new homes for sale and more
Richard we live in strange times. This news should have a major impact on everything. I must admit, I have not even been paying attention to it.
Jim: There is so much going on you have a full time job just following it all.
And tonight I am going to put out new direction for the SP market.
We are flat after the big rally day.
And it pull back as I forcasted.
Richard
North Sea crude was only around 25 dollars a barrel six years or ago, or so, Richard. There's a bit more to the changes in natural resource price indexing than meets the eye. I suppose a good team of certified fraud examiners wiil take a close look at the White House and Federal Reserve Bank books from 2001 to 2008, come early next year.