just tagged two OS/d-bots on 60min this last two days @ $138.50 area exactly and the bounces ,also look at the other main players too RIG, NE, SLB , DO, NOV etc
* These bounces off the os/60min d-bots are so often good long trades /scalps , look at GOOG off $452's
ss OIH 150.45 ...wasn't going higher as oil popped to hod ...seems like they are running out of steam kiting it up
* 60min charts in the "OB" also work so well as the OS too, wished more people would use them more often to spot tops and bottoms , have no idea why some resident incessant "gripers" couldn't just take more time to look at charts , this has worked time after time after time for months in almost every sector <G
(SLB also fell back from $69 to $61's same time frame and the bounce yesterday to $64s ...its a good one to play in tandem w/OIH mirrors it move for move & more bang for buck)
On the OS/60min , similar situation over in the coppers/steels like FCX or ATI which for days were shorts on any pops after they peaked and hit alt resistance
(then the slowing economy fears crept back in and the soft FDX report etc)
ATI was pretty reluctant to retest that $84 low again , bounced in here this am ...a little nibbling coming back in for FCX off low $53's , really hitting OS on the 60 ...usally get the sml bounce there
ATI bounced back to $92 yesterday and FCX also got a little UT as well off the OS 60 @ $53's ...it works well
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