Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (136112)	8/31/2006 2:25:19 AM
From: 2MAR$	Read Replies (1) \| Respond to of 209892

OIH ...been a bumpy ride from $130 in march to $170 in may back to $133.30's yesterday while the POO traveled from $68~$78~$68's . Trend has been down and OIH group has been shorted heavily from that $170 touch , getting 3 bounces along the way off the 30RSI/OS on the 60min . Israel/Lebannon and the ME conflicts , Nigerian Rebels & Iran standoff on the nuke program ...Boone Pickens & $80 predictions to peak summer demand into Independence day from Memorial day that somewhat fizzled with lower GDP #'s and the consistently higher inventory builds and worries over slowing economy . (Back in may they were all gushing at higher US GDP #'s and Oil demand, with the slowing housing sector ?? <g) They priced it all in and they all made 10's of 100's of millions along the way but still managed another weak bounce off the rsi30/60min yesterday and ramped the poo back to $70 . * 60min chart w/RSI has been as close to "God" as you can get for trading , those last two double-tops @ $141 were a wall with the consistently higher inventory builds we've been seeing lately , they priced in everything else except latest impending deal with Iran which should drag on ... Nature so far has being kind to the Gulf <g