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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Monday, May 9, 2011

my oil reports history ($wtic, USO):

PS. May 9 16:30 pm: today's $spx, $indu, $rut all are exactly as expected and reported in the weekend comprehensive report, it's "picture perfect" on weekend T3 analysis. i expect going forward should also potentially be as expected.

oil: all precisely at the exact Top, and even the short term bottom!
2011 humblestudent oil reports history ($wtic, USO):

Monday, May 9, 2011 11:30 am ET member update:
as updated in last week's two special commodities report, USO (oil) found support exactly at the green lower pitch fork.
my view is very bearish on Oil, and seeing it's just a dead cat bounce from the apparent support. i see oil could resume its downtrend after some consolidation above the green pitch fork support.

BUT both Goldman Sachs and JP Morgan are having different views than mine, they both are bullish on oil prices going forward.
Goldman Sachs:
JP Morgan:
Thursday, May 5, 2011: May 5, 2011 humblestudent evening commodities special critical follow up report
oil $wtic @ $98.5; USO was near but not yet reached the pitch fork support.
<< AGQ, GLD, USO are funds for their associated Silver, Gold, Oil. They all are at critical supports with Fibonacci fan or Pitch fork as shown on the following analysis charts. Right around here could be a short term bottom for all them. >>
Wednesday, May 4, 2011: mid day membership commodities special report
oil $wtic @ $111's, confirmed the oil Top.
<< I believe following commodities already topped at their technical resistances as on their corresponding charts: SLV, AGQ, GLD, COPPER, USO; for their associated Silver, Gold, Copper, Oil. >>
Monday Apr 11, 2011
(Reuters) - Goldman Sachs rocked oil markets for a second day Tuesday by calling for a nearly $20 fall in Brent crude oil, saying speculators had pushed prices ahead of fundamentals.
Friday, Apr 8, 2011
oil GDII code blue: $wtic @ $113.55; (later May review: that was the oil top).