This might be the right place to put this. Is it possible to have an 8 year cup formation? Someone tell me if WFR'S max chart is a valid cup.]
Yes you can have an 8 year cup and a one week handle! Every single site of the technical variety is saying the same thing... as is every money professional except two. The common thought: WE MUST RETEST ! Unfortunately for me one of the two bulls is myself, so yes Corelio we are buying. CELG , QCOM , CPHI , ALTU, TWW, NEU, RJET, CTO, CERS, JSDA, LMRA, MVIS.... UP UP UP Volume Friday jobs report not as weak as feared- cold weather to blame--
Oil refiners are one of the few places I have allocated big money. I made my recession proof purchase of Valero today with profits I took off the table from sales executed in December (other sectors). There is not enough oil refining capacity.