June 27, 2008
That Terrible Sucking Sound
I like to post intraday charts following massive bloodbaths, so here is crude followed by the dollar, bonds, stocks, and gold. (Fellow chart fiends love reviewing these, I think.) This plunge wasn’t completely unexpected if you were paying attention to other markets around the world and Lowry’s (abysmal) numbers.
Gratuitous horn tooting: I mentioned on Tuesday that crude would probably break out to the upside given recent failed trade set-ups from the Box.
Cat: | Time: 3:42 pm (utc+8)