Archive for May, 2009

Oil rears its ugly head.

Posted on May 27, 2009 by .

2

090527usoOil has been discovered in the market.  These price movements look anemic, but the trend lines are broken and there’s a smell of petroleum in the air.    A six month formation that could well be a bottom.  Might not be a bad idea to own some.

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A diller, a dollar, a 10 o’clock scholar…

Posted on May 23, 2009 by .

0

We are the 10 o’clock scholar.  When we posted our letter on the dollar a few days ago it was obvious that short was the way to be.  We do not make these comments lightly.  When we say that we mean that a trade is justified.  This particular trade turned out to be a treasure trove.  Where we were insuficiently industrious (in that, the 10 o’clock scholar) was in pointing out that the price was breaking out and that an add-on to the position was justified.  Readers are not blind.  It would have been in order for a reader to have squalled Herr Doktor Ing Prof von Bassettistein do you not see the thumb in your eye?  In fact any occurrence in any issue so obvious deserves poking the professor awake.  And almost any issue posted to the edwards-magee google group will be examined if we are not asleep with a thumb in our eye.

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Phony? or FONR?

Posted on May 22, 2009 by .

1

Gaps like this always get our attention.  As always we know less than nothing about the fundamentals of FONR but you might want to take a look at it.

090522fonr

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