Thursday, March 06, 2008

Morning thoughts on Oil A.K.A. USO for equities traders


USO is breaking out...out of highly unreliable broadening formation, notoriously famous for producing really short lived moves in the direction of breakout and high failure rates. I will be starting to build DUG position right from open today - especially if Crude Oil will open higher or move higher in the first hour.

0 comments: