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madrose1

05/19/06 2:49 PM

#475193 RE: Loren #475189

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 .