Tag Archives: oil

Curse of the vampire trendline — and living dead politics

Posted on Dec 17, 2011 by WHC Bassetti.

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Some may say that it is zombie politics cursing the markets, and they would be right.  Not just the living dead politics of Washington, but of Berlin and Paris also in this case.  But the real curse of the markets is the March 09 trendline which, with the cooperation of the brain dead politicians, holds sway over the market.  For all practical purposes most  issues are in sideways trends.  Only idiot savants, traders and cheaters make money in these markets.  Some savants — idiots or not — have been touting the Russell 2000 — and it’s not totally a bad idea to have a piece of it.

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Gusher! Oil, Oil in….

Posted on Oct 16, 2009 by WHC Bassetti.

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091016OIL.  As many readers have pointed out OIL has broken out of a triangle and we have a clear buy signal.  But frankly we think the oil rush is over.  The probability of oil returning to its former heights are slim and none.  This is now a trading market and the probable move here is six or seven points.  We might buy two units of it and sell one for a trade when that is achieved and keep the other as a trend trade.

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Copper the public’s bets…

Posted on Jun 12, 2009 by WHC Bassetti.

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090612pcu

090612uso

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Oil has its reasons the heart knows not of….

Posted on Jun 08, 2009 by WHC Bassetti.

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090608dxo

We have been talking about oil for sometime.  DXO might be a good way to play it.  We’ll be buying some ourselves.

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Oil rears its ugly head.

Posted on May 27, 2009 by WHC Bassetti.

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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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