Replies to post #131 on Direxion Daily Energy Bull 2X Shares (ERX)

[FiremanDave]

Makes sense nice post. Now that I'm loaded up though could we get it to POP to 55$ a barrel temporarily ;-)

[EquityTrader]

OPEC will meet December 17th. This last meeting they hinted the December meeting will see approx. 2 Million Barrel decrease. I'm looking for prices to rise accordingly before the meeting. Throw in any other 'global crisis' and we are back above $50 in no time.

Even if OIL prices stay around $40-44 per barrel I say we should count ourselves winners...at least we are paying less at the pump and everyone knows oil will eventually will come back up in price. Its the beginning of winter...wait until a few cold spells come ...just watch heating oil and natural gas come right back up.

[Picassa]

Don't be suprise If we go to 25$/Barrel, before running back to 200$ in 2010.....IMHO