Blog description

My photo
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.

Friday, March 20, 2009

Crude


So the US again prints money to stimulate the economy and thus devalues the dollar which drives the price of crude up. Do you think Bernanke and crew realized that Crude was at a critical technical level and "FALSELY" manipulated the crude market? All I'm saying is be VERY careful here because Crude breaking $50 is not based on any increasing global demand only the valuations of currencies.

Bottom line is this latest BULL run is nothing more than a mere Bear Flag set-up.

For the Web's best interactive charts, please visit http://www.Prophet.Net
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)