![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpVXokXPJVtf7GkcYn5HfzwTJD3D-sNx3p5WaKK4Kd-3RGq23I1oVEY2K2E5gjUG8bqN9rzeAGsKMxwDE2iDSTDZoPQl1vfuHGcTHufm2TSDGoCPU3OQ6QQyGGHE6pV2qvhWEE/s400/Chart+of+USO.gif)
To refresh recent thoughts on oil -
Below is a repost of 3/6/08 take on OIL
******************************************************************
Morning thoughts on Oil A.K.A. USO for equities traders
posted 03/06/08 08:55 AM | Viewed 32 times
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.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxdKYXnM6HXVsOhFNkf1tSxHWMCA1tjq6VDLMYGfgJXCM2WQBA5XCb8IwgPqXpWg0Pxz0hKnhuyL4ki0SXa9MoNhCOScT97rGHco9zEc4MzXnVkI4cBZPH8Ovhj3v2Zp3AkaGF/s320/Chart_of_USO.gif)
*****************************************************************************
( Thursday's morning 8:55 long DUG call have produced about 10% in 2 days )
0 comments:
Post a Comment