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CRUDE looks tired - Contrarian Play


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#1 hedgehawk

hedgehawk

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Posted 23 July 2007 - 10:48 PM

Folks, crude is looking tired here, WTIC broke its short term up trend line today from June 27 low closing below the trend line. So took a short position in the OIH on the close, looks like an island top. :sweatingbullets: As a side note I went long ISRG today at the close......looking for ISRG to join RIMM and AAPL as a market leader......should behave similar to FWLT and BIDUs recent runs. :redbull: The CLWR short play is looking good as well. :bear: