really no charts of meaning to post, the BPENER is in the low
range, but is still below the 9 EMA and needs yet to turn up, DIG's
all time low since trading is 56. Really you need to look at
XLE instead of DIG in order to guage important support levels on
this sector. XLE has some support coming up in this area.
But again, there are no real patterns here and buying these now
is like picking bottoms, why pick bottoms, and if you do, have a
stop in place and exit strategy
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really no charts of meaning
BPENER and DIG
Posted by matt on 16th of Sep 2008 at 10:10 am
really no charts of meaning to post, the BPENER is in the low range, but is still below the 9 EMA and needs yet to turn up, DIG's all time low since trading is 56. Really you need to look at XLE instead of DIG in order to guage important support levels on this sector. XLE has some support coming up in this area.
But again, there are no real patterns here and buying these now is like picking bottoms, why pick bottoms, and if you do, have a stop in place and exit strategy