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Politics : Idea Of The Day

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To: INFO_DART who wrote (20696)9/26/1998 4:06:00 PM
From: Big Dog  Read Replies (2) of 50167
 
Do you folks over here pay any attention to the offshore drillers? They seem to be day traders delight with the big swings.

The BigDog quick indicator of daily trading oppty is thus:

Look at three figures 1) OSX, 2) Oil Price, 3) Price of SLB

If all three are Green -- it will likely be a "up" day which will likely close higher than the early trading.

If one is Red -- be wary, maybe wait for all Green

If two are Red -- don't try and call a "turn around"

If all three are Red -- either go short, or live to ride another day.

Lot's of beaten down stocks that should have limited short-term risk...what do yall think?

big dog
loosbrock.com
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