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ajtj99

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ajtj99

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Re: Zeev Hed post# 218779

Tuesday, 03/16/2004 6:32:15 PM

Tuesday, March 16, 2004 6:32:15 PM

Post# of 704044
Zeev, do I recall correctly that each $1.00 increase in the price of a barrel of oil subtracts about 0.2% from GDP?

The reason I ask is I see two formations on West Texas Intermediate Crude which are scary. One is an inverse H&S that targets $62 and the other is a possible ascending triangle that targets $55/barrel.

http://stockcharts.com/def/servlet/SC.web?c=$WTIC,uu[h,a]maclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!...

It seems the oil market may be in the process of discounting civil war in Iraq. If this occurs, it's the stuff recessions are made of.

http://www.investorshub.com/boards/board.asp?board_id=1613
AJTJ's Market Pulse
Do your own DD. Void where prohibited. Observed side effects include darkening of the stool, spontaneous amputation, and death. Rosebud.

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