From the June 29, Special Report. Original charts reprinted below.
“So Where is That Oil Top? Mid July 2008 sees one of the most interesting Spiral Calendar possible turns in crude oil. The charts on page eight detail the formation. Three important crude oil turns, the November 2001 low, the July 2006 top and the January 2008 low all point to July 12-13 for a crude oil turn. Those dates are a Saturday and Sunday. Adding another day on each side gives us July 11-14 for that turn. With crude oil in a potentially unsustainable vertical rally, these dates seem very realistic for an important top. Likewise, stocks have been accelerating to the downside. It’s very conceivable that the next two weeks see runaway oil prices and sharply falling stocks resulting in spike turns for both, a stock market low and an oil market top…”
click chart to enlarge
click chart to enlarge
click chart to enlarge
4 responses so far ↓
1 clausberlin // Jul 18, 2008 at 1:06 am
Yes, you should brag about this one.
Thank you for this great trading idea.
2 piyush1 // Jul 18, 2008 at 8:55 am
Yes I was watching it thanks to your pointer. Great analysis.
3 bigbird // Jul 18, 2008 at 8:00 pm
I am holding a speculative energy stock which I didn’t want to sell. Having confidence in your work, I bot DUG on Monday as a hedge @ 30.05 and sold on Thursday @ 35.00 thinking the initial phase of recognition may be exhausted. You saved me. Thanks for sharing your work … I hope many others are benefiting.
4 nathan w. canaan // Jul 20, 2008 at 4:39 am
Let’s see the score card; CallsOil +18, S&P[Nov] +300 pts., Gold+125. There is an old saying in baseball, ‘it ain’t bragging if your good”. In your case it is a Hall of Fame nomination. Hell I voted for you!!!!!!!!!!!!! BestNate
You must log in to post a comment.