Posted by keithmerk on Tuesday, May 02, 2006 at 2:59PM :
In Reply to: Re: HEY,YOU GUYS!!!!!!! posted by MoparNorm on Thursday, April 27, 2006 at 11:54PM :
no no not oil, buy gas futures. two differnt things. along the lines of milk and butter. Need one to make the other but if price of #1 goes up then you wait a while and Price of #2 goes up happens all the time in the futures market. So I ususally watch the supplies then go to the product. Coal becomes steel, oil becomes gas, mining produces copper You follow or did I go to fast. It's a difficult concept but If you can grasp it then you can do well in the market. and don't think that just because I simplify thing in explaining them that it's super easy to do. But this particular one has followed the same pattern for several years now- oil goes up then flatlines and goes down as it starts to go down gas goes up for about two months then flatlines and then goes down. IT's all about the trends. MOST IMPORTANTLY DO NOT INVEST IF YOU ARE NOT COMFOTABLE DOING IT. I have taken alot of classes and been following futures for almost two decades now and I still don't put money into things I know nothing about about.