Oil breaks key support level!

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07-29-2008, 07:36 AM

#11

willflyforcash

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So.. do we get to call those "ANALysts" to the floor? The guys who said "oh yea, oil will be at 150 by the end of the summer and 200 by the end of the year!" These guys should be held responsible for what they say as they have a huge impact on the fear/confidence structure that the market relies on.

07-29-2008, 07:45 AM

#12

PittsburghDude

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the summer/year is not over yet, so lets keep our fingers crossed and hope we keep hearing more good news than bad news every day.

07-29-2008, 07:45 AM

#13

Stryker

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Send them to jail for being economic terrorists....

07-29-2008, 07:47 AM

#14

willflyforcash

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Perfect! And then speculate on how long to sentence them for.

07-29-2008, 07:50 AM

#15

Stryker

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Posts: 657

I think we are on to something here!!!

07-29-2008, 07:58 AM

#16

willflyforcash

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Sentence them to lav duty after the long haul flights.

07-29-2008, 08:30 AM

#17

PittsburghDude

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Quote:

Originally Posted by willflyforcash

Sentence them to lav duty after the long haul flights.

and make sure all that was served on the flight were chipotle/taco bell varieties

07-29-2008, 08:59 AM

#18

duvie

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Quote:

Originally Posted by willflyforcash

Perfect! And then speculate on how long to sentence them for.

Thats great! I think I'll buy on margin for that one

07-29-2008, 09:03 AM

#19

Shrek

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Posts: 1,847

Quote:

Originally Posted by Whacker77

Earlier today, oil broke a key support level of $122. Some analysts believe the next support level is down around $100. That's great news, but here's another bit of optimistic news. OPEC's chief said under normal circumstances, oil should be around $78. It may not get there, but things are moving in a positive direction. Keep your fingers crossed. This could be great news for all those headed out on furlough. You may not spend as much time away from flying as you thought.

A little good news goes a long way........thank you sir

07-29-2008, 09:32 AM

#20

gsphuntr

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First the tech bust, the housing bust, and now hopefully the oil bust - I wonder what the next irresponsible speculator investment will be lets just hope it's not BEER!