The reports and the theory that Saudi Araba is feeling the pain now is taking shape. Saudi Arabia has strong influence in OPEC. Now OPEC is ready to talk about getting oil price to a 'proper' level, probably initiated by the Saudis.

sure they are losing sleep now.

probably finally realized triple combo of us shale, china weakness and iran coming onstream can brankrupt them bringing political troubles.

throughout history, oil has seen very violent swings with opec grip on oil price loose.

nothing is certain except uncertainty and continued volatility!

I hav confidence that if the Saiudis are wiling to sit down and talk since they have their backs against the wall, the volatility will slow down. IT's always the Saudis stirring=up the mess here in the oil mkts.

Perhaps I'll start to TT my SG dividends to North Americe and start averaging down in my oil counters. Good timing too lar,... since ASX 'does not want' me, .. I'll go to NA

I hav confidence that if the Saiudis are wiling to sit down and talk since they have their backs against the wall, the volatility will slow down. IT's always the Saudis stirring=up the mess here in the oil mkts.

Perhaps I'll start to TT my SG dividends to North Americe and start averaging down in my oil counters. Good timing too lar,... since ASX 'does not want' me, .. I'll go to NA

I hav confidence that if the Saiudis are wiling to sit down and talk since they have their backs against the wall, the volatility will slow down. IT's always the Saudis stirring=up the mess here in the oil mkts.

Perhaps I'll start to TT my SG dividends to North Americe and start averaging down in my oil counters. Good timing too lar,... since ASX 'does not want' me, .. I'll go to NA

will be bloody night...

nikkei -4%, china -2%, eu -2.5%.

dow futures -3xx, $ diving.

crude rally may continue... which is strange when global equity markets are running for cover!!

they say market is unpredictable and illogical. Well, we are witness of them many times.

ya, man...

never seen oil price go down day after day non-stop for 2 months, then gain 27% in 3 days.

that's why i now takut...

sold off partial last week, now just wait n see...

rm still 4.18, so ok...


explanation... think there is simply too much cash floating around with all those funds, high speed info tech, havoc at the push of a button...

only poor folks like us here struggling, sometimes don't even know what happened...!!

still holding /ES shorts since 1972

chinaman disease arrives. fear, fear fear.
fed coming, fear, fear, fear ... ??

most r tanking 2% ... another long night

This post has been edited by mikehwy: Sep 1 2015, 09:46 PM

Waah.. China again.

But, let's watch that 1925-1930 level for ikan bilis opportunity.

cina ahmoi highly infectious one ma...

i am thinking, well, just my opidows futures was already -233 even BEFORE china and HS market opens. so can we blame mostly on the chinaman for this drop, or is it US markets are in correction too...and not blaming the chinaman alone?

Opps, 'your' 1925 -30 arrives. Hoot Hoot Hoot... taxi waiting ....i am getting in ....hope dows wont dip 16k.

This post has been edited by mikehwy: Sep 1 2015, 10:09 PM

i recall....
nflx started to dip again since yday...due to its ended contract for epix content provider..... still dipping. very trractive comes another -2usd ?

Sifu, market is in correction. things are looking bit chaeper everyday. just fear my itchy and indiscipline hands .... lol

latest ...

china factory data 3 yr low ....

this tip from yesterday was good.

wti upper at 49 last night and low 46 now.

will see if will retest 49 or crash below 42...

1920 arrived.

where is everyone?

now everything down. oil down, stock down, bond down. make more sense?

i can't get a feel on anything...

except maybe oil/energy.

oil gained 25% in 3 days, gave up 8% today.

17% more to give back!