to all: as I mentioned recently, today's drops in Oil Svc. issues, again, smacks of stage 5 or 6 action, in their "PSYCLE sm"....but, note, few broke to new/still-lower-lows....so , I still did not/do not like many of them long here on a blanket basis, but still watching UTI., MAVK, NSS, NS, in allied oil. svc. ind. groups, as pot. longs, as their depressed sgtage 5 or 6 bases form ? we shall see....
also note/learn/see, how several of the oil svc. issues did nothing, so far, but have an expected "S.T. bounce-to-their-still-falling
50 -day moving averages" before falling again, dig ? (read my early lessons again)....
last, again, they may all still have better, bigger, buyable opportunities technically, when/if they form better bases soon.... will watch for this, on given oil. svc. issues, for potential longs....and, kudos, again, to any of you who DID happen to buy oil svcs. right at their jan. 4 or 5 lows.... "PSYCLE sm" traders still prefer to have at least "some" kind of a base form, before we buy anything long....but stage 5 or 6 bounces can be a.o.k., as I said....
hope this is clear....but this thread should still be primarily for new "puttables"....just wanted to follow-up in a lesson....enjoy, |
