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S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.78
(
0.00%
)
Bitcoin
56,767.53
(
-2.63%
)
Post# of 51808
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techcharter

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techcharter

Re: skidstreet post# 38778

Monday, 06/08/2009 11:05:16 PM

Monday, June 08, 2009 11:05:16 PM

Post# of 51808
Crude Comments

The correction for crude oil is nearly done. The e-waves show something of a triangle in wave e or a complex correction in wave Z. The stochastics have been overbought for a couple weeks now. The price has had a nice double in 6 months. That's a nice profit to take.

http://stockcharts.com/h-sc/ui?s=$WTIC&p=D&yr=2&mn=5&dy=0&id=p48481006347

The timing of this top should coincide with a stock market top. This fits a deflationary environment where all asset classes are sold to pay debt. Oh yeah, big dollar rally coming.
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