Wednesday, August 10, 2005

Crude Oil

I thought that the top of the box in September crude oil at 64.40 would hold the market but after a reaction crude oil headed even higher. Now I think the market will reach the top of the next box at 66.30 before rolling over.

The top of the long term box is at 70.40 but I don't believe crude will get near there before a bear market begins.


Anonymous said...

I'm surprised that a mathematical economist, even of the 1970's U C Berzerkley, could find these arbitrary boxes and Lindsay's "three geeks and a cloned mouse" to be of any value whatsoever. You're a big joker, right?

Carl Futia said...

And THAT is why you fail.