Friday, July 25, 2008

Mid Day Update On USO and HK Setup


4 comments:

Anonymous said...

I agree with you in USO. Recent declines are not likely to continue and crude looks like it is about to bottom out.

VT Castle said...

Hey Stewie,

Not sure about a bounce in the USO regarding your falling wedge (if I'm reading your techs correctly)... still a bit risky and I'd like to see some more upside. But I did take a big short position in MEE once it started to roll over today just ~1300hrs!

Lets hope that support line gives way this time.

Brian said...

I just came across this blog, and it looks interesting. Could you point me in the direction of a good technical analysis book or website? I'd like to learn some more about reading charts. Thanks.

Stewie said...

hi brian. stockcharts.com is my bible.

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