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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Wednesday, June 11, 2008

Energy glimpse

Crude heading higher to at least $147.50 and the excuberance will probably carry it to the $150 mark.
Natural Gas is riding the Crude wave, but the long-term fan line has proven to create stong resistance and a consolodation back to $55 is quite possible in the coming weeks.
And lastly good ole GW has been riding the Nat gas wave. Look for the higher highs pattern to be broken soon. Of course one well placed hurricane and all these will tack on 20%-40% in a few days while the indices plummet.

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