response to ninelives, page-19

I think we are now due for a reversal of sorts v soon...maybe later today. looking at the oil chart intraday swings have been large in the last 2 weeks signalling indecision (read nervousness) amongst speculators. The saudi meeting may be enough to unsettle them at least short term. A fall to 128 at least is on the cards but would only bring us back to uptrend line. a fall to 122 may be evidence of a h&s forming and could see oil shortly return to 105 which is in it's long term channel.

many of the gurus here have spoken of a low in late june and a rally before another big fall and i believe oil will be the trigger for this reversal maybe even today.