I
bought some Kinder Morgan (KMI) earlier this morning at 11.27. Last April, KMI
was trading at $44.

I
didn’t buy KMI because of the indicators. There is NOTHING in any indicator I
monitor that tells me that the stock is going up.

I
bought it because at 11 bucks a share, the market is telling me that it doesn’t
need pipelines or storage tanks. At eleven, it’s telling me that gas and oil
are going to be so plentiful, that they’re going to store it on the ground. And
when you need some gasoline, you will be able to go behind your house with a
bucket and fill your car.

I
don’t believe that!

Sometimes
when the indicators are EXTREMELY oversold, you need to use logic and reason.

I
don’t believe the market will test the August lows without some sort of rally.

The Professor

http://oneminutestock.com

All of the commentary expressed in this site and
any attachments are opinions of the author, subject to change, and provided for
educational purposes only. Nothing in this commentary or any attachments should
be considered as trading advice. Trading any financial instrument is RISKY and
may result in loss of capital including loss of principal. Past performance is
not indicative of future results. Always understand the RISK before you trade.