I am not a timer by any means and when I move it’s slow as a turtle’s walk. When I see a 10 to 20 year and more high or low point I move to the other side and wait and watch and act.
I state I am 'sold' CL means that all the system I trade and work will enter on the sell side of the system. If an exit occurs I stand by and wait for the next entry I do this over and over and over. My targets are set in CL for 1 and 3 year low points in time.
I am sold CL it really has not made much of a move higher in the 2005, 2006 and 2007 time frame, for over 27 months nothing much had happen as you can see by the price action. The last 7 months (sub prime time period has been over a year so far, so go company) I see as a major long term blow off as many commodities markets do in the end.
Have a great one,
Z