Mornin all, I thought the epic was to be 'CROC' in honour of the great man

sw - a few little oils coming off and have failed to push to new highs this past month. JKX is another as is RPT, but ain't loading up on them.

MPH looking strong today.

Agreed.

Everyone is scared of them unnless they report positive, which is fair enough.

PCI looks like it will go up a bit on the oilbarrel.com article but only a little.

3 weeks to spud so if it does it will dropback again imo.

Ebb and flow, so long as we can spot the ebb!

sw - currently long PCI, but it's the only one I really like at present.

There was a couple of pieces of news yesterday that many brokers are raising their oil price forecasts for the next couple of years by about 20%. However, to my mind, a lot of this must be in the price of many unless they stumble across a big one.

PCI's ceo uses the same words as Cairn, " will transform the company....etc"
Worth taking nte, the difference being Cairn found the oil, and PCI are yet to find it.

I do think it will do well however.

Morning all

Morning all.

Nothing's changed since my view on Monday's thread.

Indices seem to be having groundhog days as they decide which
way to break.

Ftse is stuck between 4400 support and the 4434 last swing high.
200Ma is also in this area which the market pays a lot of attention
to for determining the overall trend.

So it's still the same. We're like a pip waiting to be squeezed
from an orange. If we break resistance Bear stops will snowball
us higher chased by emboldened Bulls.
If support goes, then we head off towards new lows.

NDX seems to be topping out and the SOX is weak. S&P is wavering
around below the 1100/1103 resistance. S&P showed a swing high
sell signal yesterday, but it did the same last week, reversed, and
went higher. :-)

Market is undecided, but when it goes it should be good move that
will let you get in late on confirmation and take a good profit.

Stay loose and disciplined, and make your own luck.

Melnibone.

Melnibone - nice summary.

Was just looking at an S&P chart. The bounce of the last week or so seems to be on generally lower volumes than for some time and it made a dead cross last week - 200 just above 1110 now