Edited by xD&Cox, 04 January 2007 - 04:08 PM.
accumulating USO at 47.4
#1
Posted 04 January 2007 - 03:58 PM
#2
Posted 04 January 2007 - 04:07 PM
#3
Posted 04 January 2007 - 04:09 PM
buying USO for a swing trade... ST target is 50.5 - 51 and stop is 46.4
OIH almost achived my intermediate term target $129 today... the low of the day was 129.4.
Also many of its components tested my projection this afternoon.
I will hold today's OIH and WFT overnight as they just brokeout of the VST down channels late in the day, they can be seen on 5 min charts.
I love this sector, so predictable...
XD,
That was a great call and trade on OIH !
#4
Posted 04 January 2007 - 04:11 PM
Did you cover some Qs when it hit 42.5 or are you still 150% short?
I didnt cover a single share of Qs... I was short %164 before I covered OIH....should be now %150+ or so...
Todays strength in Nasdaq is mostly from the weakness in commodities , especially energy. It wont take too long for Nasdaq to get back to the norm.
buying USO for a swing trade... ST target is 50.5 - 51 and stop is 46.4
OIH almost achived my intermediate term target $129 today... the low of the day was 129.4.
Also many of its components tested my projection this afternoon.
I will hold today's OIH and WFT overnight as they just brokeout of the VST down channels late in the day, they can be seen on 5 min charts.
I love this sector, so predictable...
XD,
That was a great call and trade on OIH !
Thanks NAV.
Edited by xD&Cox, 04 January 2007 - 04:15 PM.
#5
Posted 04 January 2007 - 04:21 PM
Probably will join you tomorrow.
#6
Posted 04 January 2007 - 04:29 PM
http://finance.yahoo...so oi...0&a=&c=
http://stockcharts.c...id=p23471332052
Edited by vitaminm, 04 January 2007 - 04:38 PM.