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Post# of 704049
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madrose1

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madrose1

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Re: Loren post# 475189

Friday, 05/19/2006 2:49:38 PM

Friday, May 19, 2006 2:49:38 PM

Post# of 704049
yes, trade OIH long often ...it trades well with RSI & was very oversold this am on the daily tagging 30rsi

the key here is whether traders are willing to peg Oil any lower than $68, though $65 is possible with reports of oil demand not being as high as expected .

Oil still pretty cheap here @ $68 , next week probably tells
the tale and OIH was a technical bounce here .



Know how to make God laugh?
Tell Her your plans ....

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