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S&P 500
5,308.13
(
0.09%
)
US TECH 100
18,179.20
(
0.60%
)
Dow Jones
39,806.77
(
-0.49%
)
Brent Oil
83.17
(
-0.44%
)
Bitcoin
71,122.47
(
-0.46%
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Post# of 19037
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Frank Pembleton

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Frank Pembleton

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Re: KastelCo post# 18494

Friday, 03/06/2009 2:59:22 PM

Friday, March 06, 2009 2:59:22 PM

Post# of 19037
yes, the USO hourly has an island bottom chart formation - a reversal, fairly reliable and actually somewhat rare....and most of us Canadians haven't noticed it yet.

Which means, a possible reversal on the S&P - and bearish for gold if the "insurance" is not needed anymore.


FP........................................................

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