need an update, page-8

b101 nothing will be spared if we double dip.

Crude oil sinks hope of early recovery
By Colin Twiggs
August 10th, 2011 6:00 a.m. ET (8:00 p:m AET)



"Crude Oil
Today?s bounce on world markets caused a rally of Brent Crude on the hourly chart, testing the former primary support level at $105/barrel. Institutional buying of stocks does not alter the fundamentals: high crude oil prices will cause a double-dip recession. No action by the Fed can change this. Every crude oil spike in the last 50 years has been followed by a recession."

collin twiggs news letter