Wow, what a day. Big moves in Crude, more Silver downside, Bonds grind higher and the Dixie pops too. Still think we’re going to pop back up on the Emini but today wasn’t the day.
The video shows the Crude move in a little more detail – although we did get an “End of Trend” signal on the daily chart last week – it didn’t come with Professional up bars into the highs above $110. And yet today shows Professional accumulating. My best guess is don’t believe the “commodity carnage” headlines as the Pros will use this weakness to load up some more. Personally I subscribe to the Peak Oil thesis and think long term Oil is like Gold was in 2000.
Link of the day …
Amazingly I’ve had very few requests for copies of purchased code lately – either hard drives are crashing less frequently or my backup rants are working. I am also aware that pride comes before a fall – and I just hope that I’ve put everything in place to survive the inevitable.
Anyway, I’ve added a little something to the backup arsenal. I live in Google apps like GMail, Tasks, Calendar, etc. and these “cloud” applications are not infalible.
If your GMail account gets hacked it could be deleted and you could lose all your emails. Backupify is a very neat and inexpensive service that can backup:
- GMail, Google Docs, Contacts and Calendar
- Facebook, Twitter and LinkedIn
- Picasa and Flickr
Setup is simple and although they have a basic free service, I use the “Pro 100” plan that gives you 20GB storage for $4.99 per month.
Alternatively, rather than using your GMail email address, buy a domain name and set up your own email addresses. Then forward these emails to GMail, which you use to receive and send. In this way copies of the emails will always be captured and saved by your domain host.
Don’t miss: Simple 5 Step Trading Backup Plan