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Crude--Friday Morning, May 9, 2008

Crude has overshot the delta 2.618 target
Allowing for (1) the extent of the move (from under 50 dollars to the area of 125 dollars) and (2) the inaccuracies inherent in a chart composed of monthly changing nearby contracts, it is still within the zone of the pattern. But we have to be ready for this pattern to be proven invalid. Hasn't quite happened yet though.
080509-091--crudeWeekly.gif

Posted by Pure Guesswork on May 9, 2008 9:47 AM |

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