Read More : http://www.investmentcontrarians.com/stock-market/forget-what-the-bulls-are-saying-red-flags-are-surfacing/1988/

The Ben Bernanke-driven stock market rally continues in full force and is unabated, but I really question the rate of the advance and believe stocks remain overextended at this juncture.

Read More : http://www.investmentcontrarians.com/stock-market/apple-has-not-lost-its-shine-whisper-numbers-coming-in-above-consensus/1824/

Read More : http://www.investmentcontrarians.com/gold-investments/why-golds-a-trade-not-an-investment/1758/

Last analysis dated 5th March, 2013, expected to see oil move higher for the week which is exactly what it has done.

Now that there is some structure to analyse for this upwards movement I can calculate targets for it to end.

I still have just the one daily and one hourly wave count for oil.

Click on the charts below to enlarge.

The last three days has seen a small degree correction begin. Price has remained well below the invalidation point on the hourly chart and within the parallel channel also. This wave count is unfolding as expected.

Click on the charts below to enlarge.

I think that any trader if he expects to become a professional and be able to trade during various times in the markets profitably he should be able to use various trading systems under various market conditions. However, there is one trading system that all traders, especially newbie traders should master and that trading system is trend trading. That is the best trading system I know of. Why is it good time for trading in crisis? Because there is always some sort of a trend when a crisis arrives!