Sunday, March 8, 2009

something to the axioms

u know all the idioms-"don't fight the tape"
the "trend is your friend"-
we will need to rely on our old sages here once more but i think oil will fight the tape all by itself
the market will have to cash hard to pull oil down with the futures dropping from up to up 9
oil has barely budged more likely oil will pull the market up as it did late friday
-buy the dips another one of favorites comes into play and obviously as far as oil goes  the trend is up but after opec meets and  we will consider the price "buy the rumor sell the news" it will be time to short again we may be well into the 50's then