Posted by: stockscooter | April 10, 2012

Oil Index about to Crash?

COULD THE OIL INDEX BE IN THE MIDST OF A THIRD WAVE DOWN?

The financial markets and exploding credit overshadowed oil for a couple decades.  Now oil is the premier player, again.  Every hiccup in oil prices sends shock waves globally.  The recent advances may have been the top of a self-fulfilling market frequency.  It may have choked itself by the rapid rise and soft demand may create a bit of disinflation.  The chart shows a possible e-wave count.  Watch this one closely!

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