I like this list of trading rules. Click HERE. Note n° 4.
It's actually more of a guideline than a rule. - "Ghostbusters"
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Why was March 17 significant? For 2008 it represents the:
- USD index low
- S&P 500 index low
- Gold price high
- 10-year Treasury rate low
Why was yesterday significant: For 2008 it was the:
- WTIC price high
- ADRE Emerging Market index high
- Amex Steel index high
- DSX high
- US major city home price futures low
Conclusion: there are multiple patterns / dynamics in play.
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Senator Clinton explains why cutting the gas tax is a good idea. I didn't understand the middle part.
Quote of the day:
Petroleo Brasileiro SA, Brazil's
state-controlled oil company, may pump oil a year earlier than
expected from the Western Hemisphere's biggest find since 1976,
increasing supply at a time of record prices.
The field isn't as difficult to tap as predicted, lying no
more than 7.1 kilometers (4.4 miles) beneath the ocean's
surface, Petrobras Chief Executive Officer Jose Sergio Gabrielli
said.
Tupi, located 250 kilometers off the Brazilian coast, is
one of seven or eight prospects in that part of the Atlantic
Ocean that Gabrielli said may be ``very, very, very large.''
Gabrielli declined to estimate how much oil may be trapped
in the Carioca prospect, southwest of Tupi. Brazilian oil
regulator Haroldo Lima said last month that Carioca may hold 33
billion barrels of oil, a figure he later attributed to a
magazine article.
