Thursday, May 22, 2008

Dug

The white is the morning low on the DUG.... and then in blue... What looks like a higher low...

One could change the stop to the lower high.... but the best thing to do is to wait till we get a higher high to change the stop..... frome white to blue..

This whole market is trading off of oil price..... Oil retraces 50% the market retraces 50%....

Asuming this uptrend maintains... it will stop when oil stops going down...

or the xlf hits 29.

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