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accumulating USO at 47.4


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#1 A-ha

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Posted 04 January 2007 - 03:58 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...

Edited by xD&Cox, 04 January 2007 - 04:08 PM.


#2 dcengr

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Posted 04 January 2007 - 04:07 PM

Did you cover some Qs when it hit 42.5 or are you still 150% short?
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#3 NAV

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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 !

"It's not the knowing that is difficult, but the doing"

 

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#4 A-ha

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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 dcengr

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Posted 04 January 2007 - 04:21 PM

I see where you're coming from.

Probably will join you tomorrow.

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#6 vitaminm

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Posted 04 January 2007 - 04:29 PM

OIH/5min buy/15/30/60/dly/wkly sell/may pullback to 5ema

http://finance.yahoo...so oi...0&a=&c=

http://stockcharts.c...id=p23471332052

Edited by vitaminm, 04 January 2007 - 04:38 PM.

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