AI
Thursday, July 31, 2008 11:39:56 AM
uso (oil) chart
would love to see oil drop, but that 100 ma provides considerable support. may be time to look at some oil sector securities. if she falls, 87 is next level (see 7-year chart at bottom). probably could straddle here for a modest gain.
interesting note here:
first time that %k and %d (full stoch at bottom of second chart) have met for a possible downswing since uso dropped by about 40% exactly 2 years ago. will be watching closely for uso to test and drop below 97.
goosemeister@hotmail.com
would love to see oil drop, but that 100 ma provides considerable support. may be time to look at some oil sector securities. if she falls, 87 is next level (see 7-year chart at bottom). probably could straddle here for a modest gain.
interesting note here:
first time that %k and %d (full stoch at bottom of second chart) have met for a possible downswing since uso dropped by about 40% exactly 2 years ago. will be watching closely for uso to test and drop below 97.
goosemeister@hotmail.com
goosemeister@hotmail.com
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