Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Monday, January 12, 2009

RIG

SO.... I'm looking at rig at 47-50

3 comments:

Tony said...

Looks like rolling over from a lower high. Although those big green bumps on the MACD look bullish, no?

Your interp?

Tony said...

You answered in another thread. Thanks.

Eric said...

yep, and the red bumps are bullish too...

But that run is 20%, so a nice 10% pull back from the high seems like something to wait for.

Oil is going to test the lows this week, even if we get a new low out of oil Rig will hold up...

We may get $20 oil but that may be in september

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