Forum Archive Index - May 2004

["Dale Hamilton" <barelylucid@vanuatu.com.vu>]

My god Skinny what are you talking about?.......the next thing you'll be saying because an oil analyst wears a D-Cup and has been gaining too much weight lately that the likelihood of a large bum will mean the end of the financial world is neigh.....still I do agree that with the US Fed's credit card maxxed out...and the protected economy of the main seller of goods to the US looking like it might need to take a smoko break I'm actually starting to get worried that this might be the sort of time in the next couple of years to go fishing

-----Original Message-----[Dale Hamilton]   
From: sharechat-owner@sharechat.co.nz [mailto:sharechat-owner@sharechat.co.nz]On Behalf Of H Skinner
Sent: Saturday, 15 May 2004 6:43 p.m.
To: sharechat@sharechat.co.nz
Subject: Re: Re: [sharechat] neclear power good or bad by macdunk

>On 11 May 2004, at 02:43, H Skinner wrote:

 

>> Wind needs large areas on land or out to sea

 

>Not necessarily so -- quite slender jetties, shoreside and offshore,
>are frequently constructed to site wind turbines. Often these have
>alternative uses.

 

What ever?

 

The energy source NZ chooses the main factors will be reliability and sustainable cost to energy consumers. One of the historical investment factors for NZ was a energy stability for a price

 

Oil is showing by Technical Analysis that it will or could hit US$70 a barrel

Using the distance retraced before the recent break of US$40 and adding to the breakout point gives a very simple target for crude

It would be calculated as US$39.99 - US$25.04 = US$14.95. Add this to US$39.99 and the target is just under US$55. This happens to coincide with the Fibonacci target. The more reasons a market has to reverse at a certain level, the better the chance the price will be drawn to that level.  Oil confirms a long term double bottom pattern if it closes above US$41.15. (This price is based on the spot future continuous price and has already happened on the physical brent crude price). This pattern is visible on the monthly chart below and gives a target just under US$72.