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!
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.
I agree with you in USO. Recent declines are not likely to continue and crude looks like it is about to bottom out.
ReplyDeleteHey Stewie,
ReplyDeleteNot 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.
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.
ReplyDeletehi brian. stockcharts.com is my bible.
ReplyDelete