We promised to update Joe Terranova's position on crude position.
On Monday, at 4:45 pm ET, Joe Terranova appeared on CNBC's 'Closing Bell'. He told Dylan Ratigan that oil will remain between $120 and $130. POTC disagrees with Joe, as our readers will know only too well. Numerous times over the last two months we have stated that, in our opinion, the crude oil will burst "when the starter pistol is fired" in the summer 2008 Beijing Olympics.
Could our prediction 2 months ago be coming true? We hope so...
The Psychology of the Call team