Replies to post #4556 on FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

*Crude Oil (WTIC) double top? Note today's candlestick is remniscient of the way the Nasdaq Composite formed a candlestick in mid-February which currently stands as the previous high... I'm also beginning to wonder if folks are too bullish on oil and if those downside gaps need to be filled in the mid-upper 40's....

[FinancialAdvisor]

*XOI failing to confirm record high in energy prices today. As I've said in the past the XOI HAS ALREADY FORETOLD OF FUTURE RECORD PRICES! It's just the fact that it's finally coming to fruition today. From February until early March the XOI was constantly making record highs while oil was not, it has since pulled back, and sits now sizably below its all-time high... again IT HAS ALREADY FORETOLD OF RECORD ENERGY PRICES... I wouldn't recommend going long on oil stocks at this point in time, I'd much rather prefer to lead people outside of the box and to look at alternative energy sources... I do believe there's a possibility that oil/energy companies could stay flat or even sink in the midst of rising energy prices at this juncture. It sounds like an oxymoron or that it may not make sense, but that's the signals the market is giving me personally...

Now I do expect a bounce here on the XOI given record energy prices, but at the same time, some time in the future there's going to be a severe dissconnect that takes place... and if the world goes into global recession or if the market forsees it, then that dissconnect would be foretelling!




April crude oil futures (chart delayed)


RTQ as of this post is $56/barrel for oil...