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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: MythMan who wrote (286788)5/11/2004 4:49:20 PM
From: Michael Watkins   of 436258
 
Oil has a chart any tech stock would kill to have. Break out from an ascending triangle, pushes straight up to new highs off a 1 day retracement.

trendvue.com

It might fail here soon, but you would not want to be short oil just yet, not unless it does a gap and reversal tomorrow.

Measured move out of the triangle suggests 42 - 43$ may be ahead.

Boolish... for oil speculators.
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