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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (9506)	12/3/2008 3:31:52 PM
From: skinowski	Respond to of 41561

Even while USO continued in a crash mode and made new lows today -- OIH broke the down trendline on the daily and may be setting up for a rally. XLE refused to make a new low since Oct 10. Those are bullish divergences. But, in any case, my post was was meant to be kinda general and philosophical, not a timing call in any way. To buy -- if you are bullish on the commodity, some of the values are wild. A name like PWE comes to mind. At today's prices the distribution is over 25%. Good old ERF will fetch almost 19%.