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This market looks like it's still heading north to me, we had a strong correction at the end of the week, but the uptrend still looks pretty well intact--had to remind you of your post boog below, I thought you were a bit premature in your comment
quote boog:
"posted last week that the TOP had been set in Crude Oil,
amidst the deafening roar of most every print and broadcast media outlet in the Nation." situation today monday is new higher chart highs and higher chart close
boog's quote again:
Who do you think will eventually become the recipients of margin calls en masse, and forced account liquidations due to precipitous falling prices when this BULL gets a broken leg (for whatever reason it happens)?
Looks like the Crude BULL just had a miraculous healing, again--new higher highs and higher close..
boog, I'm in the cattle business, and I treat my bulls with the most of respect, I think this bull is anything but dead, I don't even know if he wants to take a nap. I'm not saying to go long here, but some are saying we are a long way from the top when taking inflation into account. boog is correct however that in wide fluctuation, margin calls can be a problem..
Best of trades all,
Trapper