when I look at the OIL and XLE charts, it's hard to ignore they
aren't far from retesting the neckline of some monster H+S/ double
top patterns. Will be interesting to see if those levels will
reverse the strong bounce.....
You still liking the spx here ditch?? looks like that "small"
move dn Matt was calling for aint gonna be so "small"? I
guess it's all relative when you have so many 4-5% moves!
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Energy stocks
Posted by ditch on 17th of Aug 2011 at 06:41 pm
The energy sector still looks good as does the SPX to me.
Even with an unexpected build in Oil inventories today the price still went up. Here's some charts that make me think we have more up side coming.
Title: retest of neckline? when I
Posted by ducksoup on 17th of Aug 2011 at 10:03 pm
when I look at the OIL and XLE charts, it's hard to ignore they aren't far from retesting the neckline of some monster H+S/ double top patterns. Will be interesting to see if those levels will reverse the strong bounce.....
Following your lead on the
Posted by mcpp on 17th of Aug 2011 at 08:45 pm
Following your lead on the oil patch Ditch,
I appreciate it,
thanks
You still liking the spx
Posted by john9o9 on 18th of Aug 2011 at 07:49 am
You still liking the spx here ditch?? looks like that "small" move dn Matt was calling for aint gonna be so "small"? I guess it's all relative when you have so many 4-5% moves!