It’s been a while since I updated this mudder, but it tripped a textbook ‘mechanical’ buy last week that would have been easy money for any Pivoteer who was watching. The signal came on Wednesday at the green line of a corrective pattern projecting to as high as 80.05. The nascent uptrend bears watching, since it would spoil the possibility of gasoline prices for regular gasoline falling below $3 a gallon across much of the country. More likely in my estimation would be a relapse to below C=63.91 of the reverse pattern shown. ______ UPDATE (Jun 16): Since May 4, July Crude’s meaningless ups and downs have triggered no fewer than three ‘mechanical’ buy signals on the daily chart, each worth a little more than $16,000 on four contracts. Are you beginning to see that it’s all just a big, sleazy carnival game, but with players who are not missing four or five teeth? ______ UPDATE (Jun 23): Yet another $16,000 mechanical winner came home on Friday, even as the futures continue to screw the pooch with meaningless ups and downs.