Make The Fractal Your Friend
Many people believe that the markets are random. In fact, one of the most prominent investing books out there is "A Random Walk Down Wall Street" (1973) by Burton G. Malkiel, who argues that throwing darts at a dartboard is likely to yield results similar to those achieved by a fund manager (and Malkiel does have many valid points).
posted by Gordengekko at 10:59 PM
1 Comments:
Hi Gorden,
Next week will be the week of OIL ?
Crude-oil futures fell on Friday on easing supply concerns after comments at a Paris oil conference led to speculation that some Nigerian production could re-start as early as next week.
May light sweet crude oil futures closed at $67.7 per barrel, down from Thursday's settlement at $67.94. According to chart we can see that the crude Oil is now very near to break the $68 level ( medium term downtrend line ) and the indicators could sustain this break level, because all indicators are sustaining this Bullish side.
Have you the same opinion, or we'll see some profit taking ?
Kindest regards,
AC
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