Well, so far so good for the OIH short or DUG long, in my case, the DUG long/calls, which is a not so bright/bunch of balls counter trend trade. As the short term 3C indicators suggested, OIH did not show any follow through on Monday's knee-jerk re-action/breakout. The intermediate indicator suggests continued distribution, although I'm getting some mixed signals on the very short time frames. I'll have to see if that clears up Wed. See my post below for the 3C chart.
Tuesday, June 24, 2008
OK, Part Deux...
Posted by Brandt at 4:01 PM
Labels: Countertrend trade, financial, OIH, Oil Bubble, stocks
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