Post feedBeware! Falling Prices Ahead!
Just when you thought crude oil couldn't be sold any lower. I am amazed, yet excited to see this blowout in the price of oil. This seems to be the only reason the market is above water this morning. Do you think the prices continue to fall? The signals aren't there yet it is still hard to resist temptation. $54.04 per barrel for February delivery and dropping. A benign winter is defintely taking precedent over the threat of global supply getting shut down. Burn baby burn!As I have been writing, the market is now under water. Go figure. What do we see moving today?
BEN finally broke out. This was one from last weeks watchlist. Along with AZO, LAZ, AH, and FMCN. These are new additions to this weeks list.
Did you think I would forget price patterns?
(Potential) Triple Tops- ASF, IEX, and PRAA
(Potential) Double Top- JCP
Triangles- TSAI (Descending Triangle), CGNX (Symmetrical Triangle)
Anyone have something they want to talk about? I am fighting off the urge to talk about synthetic options (which isn't very hard to do actually... you should try it).
I have been watching FLML. Broke out about 5 days ago and is doing pretty good so far today...
Posted by
Anonymous |
1/09/2007 09:47:00 AM
Jeff,
Don't forget to add the SPX, the NDX, the DJX and the RUT to your list of topping patterns developing!
Posted by
Anonymous |
1/09/2007 10:11:00 AM
Brett-
I won't tolerate your pessimistic tone here. There is a time and a place for it, but not here in this Bull Market!!!
JK
Posted by
Option Addict |
1/09/2007 10:13:00 AM
the only prices that are going up in my portfolio are my puts....lol Looking over all my trades I’m write about 19% of the time I should experiment for a month and trade everything opposite to what I think... man I’m taking a beating this week.
Danny DR
Posted by
Anonymous |
1/09/2007 12:03:00 PM
"right" not "write" wow its been a long day!
Danny DR
Posted by
Anonymous |
1/09/2007 12:11:00 PM
The "benign" winter is about to get ugly for much of the country. Like you said very hard to resist the temptation.
Mark Fisk (Tplus1)
Posted by
Anonymous |
1/10/2007 12:59:00 PM