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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Ms. Baby Boomer who wrote (65837)11/13/2014 12:30:20 PM
From: Lazarus  Respond to of 222226
 
That's exactly the reason I would not buy USO yet.... read about all the money that came into the oil ETFs in October and then look at the chart since the beginning of Oct... down, down, down....

I'm of the opinion that there will be a significant move down when the new money --- exasperated by their losses --- jump ship.

Hope that's not the case for your sake ... but its how I think.



To: Ms. Baby Boomer who wrote (65837)11/13/2014 1:13:01 PM
From: Lazarus  Read Replies (1) | Respond to of 222226
 
To me the long term chart looks broken and I suspect lower.... intraday though it looks like it could pop here if it holds above $28.50.......... wouldn't surprise me to see it close above $29.00 today

lots of room for the bounce

30 min 14 day chart




To: Ms. Baby Boomer who wrote (65837)11/13/2014 8:29:59 PM
From: Mevis  Respond to of 222226
 
We got the NG pull back......gaps filled.


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