Comments on: Oil market is close at bottom http://www.1stMillionAt33.com/2006/10/oil-market-is-close-at-bottom-2/ A site to share my tips, tools, and humble thoughts on the journey to wealth Thu, 09 Sep 2010 07:54:40 -0700 http://wordpress.org/?v=2.8.5 hourly 1 By: Frugal http://www.1stMillionAt33.com/2006/10/oil-market-is-close-at-bottom-2/comment-page-1/#comment-1548 Frugal Tue, 17 Oct 2006 15:29:09 +0000 http://www.1stMillionAt33.com/2006/10/oil-market-is-close-at-bottom-2/#comment-1548 That's a good point. From the chart, the crude oil seems to have stablized the falling and making a higher low. http://stockcharts.com/h-sc/ui?s=%24WTIC Based on COT data, crude oil should be rallying anytime now. http://www.buythebottom.com/ Based on all technical indicators, crude oil has NEVER been this oversold. The probability of further fall is quite small. That’s a good point. From the chart, the crude oil seems to have stablized the falling and making a higher low.
http://stockcharts.com/h-sc/ui?s=%24WTIC

Based on COT data, crude oil should be rallying anytime now.
http://www.buythebottom.com/

Based on all technical indicators, crude oil has NEVER been this oversold. The probability of further fall is quite small.

]]> By: Enough Wealth http://www.1stMillionAt33.com/2006/10/oil-market-is-close-at-bottom-2/comment-page-1/#comment-1545 Enough Wealth Tue, 17 Oct 2006 09:55:46 +0000 http://www.1stMillionAt33.com/2006/10/oil-market-is-close-at-bottom-2/#comment-1545 Any particular reason to believe $57 is the "bottom"? Guessing isn't usually a good investment selection technique in the long run. Any particular reason to believe $57 is the “bottom”? Guessing isn’t usually a good investment selection technique in the long run.

]]> By: David http://www.1stMillionAt33.com/2006/10/oil-market-is-close-at-bottom-2/comment-page-1/#comment-1529 David Sun, 15 Oct 2006 22:03:13 +0000 http://www.1stMillionAt33.com/2006/10/oil-market-is-close-at-bottom-2/#comment-1529 Thanks, that's very useful. Regards, David Thanks, that’s very useful.

Regards,

David

]]> By: Frugal http://www.1stMillionAt33.com/2006/10/oil-market-is-close-at-bottom-2/comment-page-1/#comment-1524 Frugal Sun, 15 Oct 2006 06:35:54 +0000 http://www.1stMillionAt33.com/2006/10/oil-market-is-close-at-bottom-2/#comment-1524 I own PWI, COP, FDG, PBT, APA, NAT, PRNEX, SJT, BP, MRO, VLO, SSL, BQI, COSWF.PK, OIH, XLE, CHK, IUC.TO, CCJ, PBW, HW, ESLR, U.TO, for energy-related stocks. Not sure if that is helpful. I am planning to slowly sell my individual stocks and trade in equal dollars in ETF/mutual fund. It's just too many stocks. I would advise you the same too. My energy portfolio has <b>not</b> been doing well at all recently. But I think it should be the time to buy more. I own PWI, COP, FDG, PBT, APA, NAT, PRNEX, SJT, BP, MRO, VLO, SSL, BQI, COSWF.PK, OIH, XLE, CHK, IUC.TO, CCJ, PBW, HW, ESLR, U.TO, for energy-related stocks.

Not sure if that is helpful. I am planning to slowly sell my individual stocks and trade in equal dollars in ETF/mutual fund. It’s just too many stocks. I would advise you the same too.

My energy portfolio has not been doing well at all recently. But I think it should be the time to buy more.

]]> By: David http://www.1stMillionAt33.com/2006/10/oil-market-is-close-at-bottom-2/comment-page-1/#comment-1521 David Sat, 14 Oct 2006 22:47:15 +0000 http://www.1stMillionAt33.com/2006/10/oil-market-is-close-at-bottom-2/#comment-1521 Thanks for the alert, I bought some more COP yesterday. You seems quite concentrated on energy related asset. Do you mind sharing what eactly you own? Thanks. David Thanks for the alert, I bought some more COP yesterday. You seems quite concentrated on energy related asset. Do you mind sharing what eactly you own? Thanks.

David

]]> By: Frugal http://www.1stMillionAt33.com/2006/10/oil-market-is-close-at-bottom-2/comment-page-1/#comment-1517 Frugal Sat, 14 Oct 2006 04:59:51 +0000 http://www.1stMillionAt33.com/2006/10/oil-market-is-close-at-bottom-2/#comment-1517 Dr.Housing Bubble, Not sure if conspiracy theory is true, but certainly the correction is too deep and too linear. Where is the random walk? Grant, Actually there are LOTS of choices. Thanks for the addition. Dr.Housing Bubble,
Not sure if conspiracy theory is true, but certainly the correction is too deep and too linear. Where is the random walk?

Grant,
Actually there are LOTS of choices. Thanks for the addition.

]]> By: Grant http://www.1stMillionAt33.com/2006/10/oil-market-is-close-at-bottom-2/comment-page-1/#comment-1513 Grant Fri, 13 Oct 2006 23:36:27 +0000 http://www.1stMillionAt33.com/2006/10/oil-market-is-close-at-bottom-2/#comment-1513 Don't forget about PVX as a good CANROY purchase. PWI has a lot of room to move too. Good call. -Grant TheCornerOfficeBlog.com Don’t forget about PVX as a good CANROY purchase. PWI has a lot of room to move too. Good call.

-Grant
TheCornerOfficeBlog.com

]]> By: DrHousingBubble http://www.1stMillionAt33.com/2006/10/oil-market-is-close-at-bottom-2/comment-page-1/#comment-1507 DrHousingBubble Fri, 13 Oct 2006 18:44:43 +0000 http://www.1stMillionAt33.com/2006/10/oil-market-is-close-at-bottom-2/#comment-1507 Somehow I think we’ll see energy trend upward after the election. Not because of any conspiracy or anything of that nature but usually the month leading up to an election usually produces a calm market. In addition, we are approaching the winter season so demand for natural gas will begin to shoot up. Somehow I think we’ll see energy trend upward after the election. Not because of any conspiracy or anything of that nature but usually the month leading up to an election usually produces a calm market.

In addition, we are approaching the winter season so demand for natural gas will begin to shoot up.

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