Every now and again I’ll visit www.marketwatch.com to see what the headlines are saying and try to speculate as to what their motives may be. I do this because I know many people can be influenced by the media and I think it’s important to know what might be driving other investors’ emotions. The headline story I just read a few minutes ago literally has me speechless. Analysts are saying oil may fall to $65/barrel if Congress acts to curb market speculation. It’s interesting how oil stocks haven’t been fazed by this story. I’m not smart enough to know the real reason why oil is so high, I just try to profit from it. I agree that oil is due for some time of pullback, but I can’t fathom a 50% haircut coming anytime soon for $WTIC. A pullback to it’s 20-week ema would be very healthy for the overall trend without doing any technical damage to the chart. I think somebody just wants the price of oil and oil related stocks to correct so they can accumulate more shares. My advice to you is trade what you see and not what you read because the charts never lie.