Replies to post #279915 on Zeev's Turnips Patch-No Politics (ZEEV)

[opnion]

Open to interpretation but assume that this relative strength chart of crude oil vs $indu might be over when the rsi reaches the march 2003 level of break at about 46. On that assumption then the rise in crude is probably over or close.

http://stockcharts.com/webcgi/Pnf.asp?S=$wtic:$indu&N=A&C=2

[opnion]

uh oh GT, bad news for the bears, Cramer is on that channel saying that we may be back in a bear market.

[Newly2b]

Phase 1, of course.

Newly

[otraque]

It is called "about to get a huge dose of humility phase" phase:)
The humility occurs after the market takes a turn that lays you flat and wondering if you can get up again.
I am 15% invested in this longterm speculation thus far, and can honestly say that the 15% is from having learned humility.
My binoculars looking at an approaching beasty in the distance i think is a bear, but i am not 100% positive.
If something clicks, and i say by gawd that is a bear, i will go to 50%; but i never go above 50% in what is a highstakes game.

[Greybeard]

What phase is it when you think you know everything, but really don't know jack sh@t?

I know a few like that.



Imminent bankruptcy

G