<<Ljmi, Is the OSX at 86 at a stalemate? >>
OSX today bounced off 86, and from the action in the last 30 minutes favors the Bulls
<<For a bear, it's retreating after another failed breakout. For a bull, it's testing support on light volume.>>
OSX ran from 81.41 on 2/13/ to 92.83 on 2/25, almost 14.1% increase in 9 trading days. With that kind of run I expected some pull back ,OSX went from 92.83 to 86 in 6 trading days,i.e. 7.3% pullback, still in favor of Bulls
<<Both the weather and time favors the bulls. Only uncertainty favors the bears. Both can make money by being on the right side of the trade, but I would rather side with time.>>
At present uncertainty is so big ,it favors the Bears.
<<Present uncertainty is opportunity. What else could it be? >>
this would have been an ideal opportunity, if the general trend in the market was bullish, in this bear market it favors the Bears.
<<A last chance to exit energy before commodity prices fall?>>
I don't think energy prices are going to fall but there is a definite disconnect between OSX and commodity
<<A warning signal that the majority of investors are not comfortable buying energy because of a war in an oil producing nation? >>
I think majority of people are not comfortable buying anything, not only energy because of war. Tomorrow we should see a definite reversal on OSX ,is what I am seeing from the charts. I am still in the Bullish Camp, unless there is a reversal in the trend. |
