Red

I’m thinking they will do just that MsChemeng… pump this up to sucker in more longs. Then “Bam”… some oil fields blow up and down goes the market! (over the weekend when everyone is trapped of course)

Going back to Friday, 3-11-11… Everyone in MSM, CNBS and alike, both guests and staff are using word “hope”, when referring to Saudi Arabia…”I hope nothings happens in SA”, “I can’t change my portfolio based on priced on oil, I hope it will sort itself out”, many others but always “hope”…no one has appropriate hedge for such event… given that every other “day of rage” followed through, I don’t see the difference…SA King shared the least with his people, given the size of oil wealth revenues coming in…
So no need to rush until Friday, they may try to pump this up, to offload few more longs…

if we open lower… then we will most likely… get pushed back up..to the close.

tomorrow we will POP up…and go down….short the pops

the end is coming…….. real soon.

I don’t know Richie, but I think they will go up tomorrow too.

red,

so what do you think? in terms of wave structure, are we in a corrective mode here, or are we subdividing into a series of 1-2’s, i-ii’s, (i-ii)’s?

It certainly looks that way. I expect more tomorrow too…

They held the POMO money purchase till EOD

Yep, I can feel the hairs on my bear back start to stand up now. A bear hunter is in the woods and his rifle is cocked.