2 replies to this topic

[gannman]

looking at the daily of xom it looks like it could just gap down. i thought we were going to get a bigger bounce. of course this has implications for the broader market g

[CCL]

Looking over the WTIC chart, it sure appears that if 92 holds on a closing basing, the "crash" may be avoided. Watch oil - loss of 92 should lead to mid 80's very quickly; that would sure send the signal that the party's over.

[Douglas]

In the last few days XOM has broken the neckline of a nice double top which projects down to ~72 or so. That's also roughly the 50% retracement of the move from the low at ~55 to the ~88 high.