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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: Galirayo who wrote (8918)10/10/2008 2:30:00 PM
From: skinowski  Read Replies (2) of 41414
 
It's a panic.... I bought PBR a few days ago near 27, down a couple of points on it. Couldn't help it - bought today some CHK. Prepared to sit on those until the world, hopefully, will decide NOT to come to an end.

PBR on the hourly seems to be wedging down into what was a major support / resistance level back in 2006 - 2007. Very dangerous to buy anything here, the percentage moves lately are unreal, but the odds for a small position seem mighty good.... for those who are willing to chance it.... g/ng
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