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Posts by "boli mekura"
234
Posts Total by "boli mekura":
229 Posts by Anonymous "boli mekura":
I guess if we are talking in real terms, then yes, SPX will fall back beow the low of 2009. But in nominal levels this low will not be 666. IMO
Now my next objective is 1348 for ES.
I guess Thursday or Friday of this week will be the day.
Further to WTI-Brent spread check this out: http://www.bloomberg.com/news/2011-02-14/wti-dead-as-a-benchmark-amid-bottlenecks-raymond-james-says.html
It is no secret that oil at Cushing is through the roof. So no suprise that WTI price is depressed relative to Brent, which also prices current geopolitical risks.
And to make it clear regarding this EW sym, you mean the 261.8% of the corrective move which ended at 4.496?
correction:
Trading NG based only on fundamentals is NOT worth it. You have to combine it with sentiment extremes and trade against the majority at risk and riding the squeeze out.
No. I do not dare to touch that. Too risky. Because it is too obvious play and I do not like to play with the herd. I am a contrarian by nature.
But wait. I read a piece on this spread a while ago. Here it is http://www.zerohedge.com/article/it-time-collapse-wti-crude-spread
@catnip
Trading NG based only on fundamentals is now worth it. You have to combine it with sentiment extremes and trade against the majority at risk and riding the squeeze out.