oil nears $50 as we get back in the game the sale from last night night stopped out and the meager profit of $300 banked
So reset in order the double top starting to look like a one two three entry. So look to your emails for entry points on both sides money can be made either way.
All my readers should know by now I have been saying since Mach 9th that the bottom is in and we are indeed in a bottoming process but we were so far down this larger percentage pop was inevitable. That being said a bottoming process includes some sideways activities we continue to buy significant drops-Upon examination of the sell off late yesterday we could not find any of our favorite besides the financials that were even down-It may take a year but from the secondary account perspective many stocks like Rimm will find it's way back to the lofty levels but we are hoping to increase our stake a little lower.
Those housing numbers support bottoming assessment.
You have to trade a market like this so look to your emails members and I will check in with adjustments.
Our original thought was that the EIA would be discounted and clearly it was-Sentiment and future perception and inflation trump myopic oil stockpiles.
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