Edited by NAV, 09 April 2007 - 01:26 PM.
OIH fakeout !
Started by
NAV
, Apr 09 2007 01:21 PM
2 replies to this topic
#1
NAV
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Posted 09 April 2007 - 01:21 PM
As i posted in my blog this weekend, OIH was topping on multiple timeframes and was due for an IT correction. Today despite the crude selloff in the morning, they tried one last pump i.e a fakeout spike. It ended pretty badly
#2
vitaminm
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Posted 09 April 2007 - 03:27 PM
if OIH < 151.3 next target 145.4
vitaminm
#3
Cirrus
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Posted 09 April 2007 - 03:44 PM
I sold 1/3 of my hedge (OIH ITM puts) on the close. I'm getting VERY bullish on energy. My viepoint is based on weekly charts as I'm sort of expecting a little wiggle on the daily here.
There's always the chance I'm wrong but that's what stops are for. The problem is that the weekly and monthly charts look so absolutely wonderful.
