No Lifeguard on Duty

8 feb 2016

I love to wake up on Mondays to find I'm better off than Friday. This has been a feeling I have gotten use to this year. I just afraid I'm getting addicted to low oil. What will I do when we hit $20?? Sure the other side the trade will offer some help once oil reaches its low (around $17bbl I'm predicting). But then what... Oil will not have the upside in the near or near distant future. As I have said for months, unless the King of Saudi dies or we get a new petro War, we will see no change in direction.... oil is being manually manipulated by Saudi.

Old School... Fibonacci be dammed.. Just follow the trend line. The micro, the 6 month, the year trend.... Your pick, all forecast oils decline.

Storm flags this week, no lifeguard on duty... Big boards only. Paddlepuss be warned. I remain very short for the long ride..

8 feb 2016

Nota

Update to micro:
This micro channel has more velocity than last month. This means some big bommie, expect overshoots on both sides. It's a long way to the bottom... this is not it. Swim safe.... don't get axed by the backdoor.

8 feb 2016

Nota

barrons.com/articles/here-comes-20-oil-1454736627

Now Barron's Agree... Well to $20 at least...