
To refresh recent thoughts on oil -
Below is a repost of 3/6/08 take on OIL
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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.

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( Thursday's morning 8:55 long DUG call have produced about 10% in 2 days )
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