Island Reversal forming on the OIH

Discussion in 'Trading' started by thehangingman, Jan 4, 2007.

  1. S2007S


    33. whewwww.

    that would put gas at around 1.50-1.75...
    #21     Jan 5, 2007
  2. A drop like this tests the real areas of support. I feel there are two ways it can go from here. This will create a spectacular V-Bottom on the chart where everyone is feeling gloom and doom. Then there will be some bullish news that sends oil much much higher off of the v-bottom like an emergency OPEC meeting


    it could fail support and go to 33.

    This will no longer trade in a channel which is my opinion and not a fact.

    There is one very bullish event that might happen soon which is North Korea testing a nuclear device with Iranian officials present at the blast site.

    #22     Jan 5, 2007