InvestorsHub Logo
Followers 118
Posts 7495
Boards Moderated 0
Alias Born 03/22/2014

Re: Rock_nj post# 4899

Wednesday, 08/10/2016 12:03:57 PM

Wednesday, August 10, 2016 12:03:57 PM

Post# of 18980
It never did backrest the 200ma at the time (it was either the 50 or the 200) that it broke above it. Was like 2.30-2.35 at the time. The exuberant bulls just kept pushing and never looked back.

With the large contango in the later contracts for 2016 we could see an epic rally here this fall.

No rally lasts forever. Take profits.