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ryall12

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ryall12

Re: OilStockReport post# 19

Friday, 01/14/2011 11:27:01 AM

Friday, January 14, 2011 11:27:01 AM

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well we should know soon if this will catch and turn, or if this was just another failed move.

tough to say. daily still shows up but may be topping and the weekly has not shown a true bottom yet. hourly and 15 charts both are showing oversold though and if they turn this afternoon the daily can be saved into next week which may signal a week turn as well.

not looking great for that atm though... hoping its just a bad friday before an extended weekend and tuesday gives a lift either way.

My charts are my own. Any numbers or timing are based on my interpretations of what I consider to be the most likely price movement. My interpretations can be can be wrong, it is always best to do your own charting.
Anything else I post is purely opinion

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