If you look at CLL pattern it usually drops by now before taking a run at a high around April> May..Just a little while back we were at $1.28..Had these new developments in the Middle East not occurred I estimate that we'd have been around $1.22 right now.I'd be very surprised if the $1.45 resistance point is broken. Still crap loads of oil in storage, upgraders are still down , bitumen is still low and although high oil prices may be good on paper they do effect refining spread margins and demand..What good is $100 oil if nobody can afford the product? If oil goes much higher it will put a major damper on World economic recovery..

Last time oil was this high was in 2008 the markets were also approaching the highs..Well Deja Vue..Oil is breaking 2 year highs markets are at 2 year highs Gold, Silver , Copper and food commodities are at record highs The Middle East and Africa are going up in smoke due to food shortages. Iran is parking warships off the Israeli coast the first time in 30 years... United States is going bankrupt and the World is trying to replace the U.S dollar as the reserve currency..I could go continue forever...

The market alone is looking like 2008 pre market crash..Throw in the rest of the crap and a more important question would be..Why the hell is CLL so high and when will it go down in flames with the rest of the market? This time however CLL wouldn't survive.

Call me Doctor doom but the market really doesn't look to be a good place to have your cash right now...I recall one investor saying it takes balls to get out of the markets at the highs as greed motivates you to go for more. However it's the right time to do it..

I stopped out of CLL@ $1.35 on it's way down to $1.28..Kind of regret not getting back in @ $1.28 but like I said according to the pattern it should have kept going on down and would have if these recent events didn't occur...I'm pretty sure I'll get my target re-entry of $1.23 prior to the Apr/May run..