Thursday, July 30, 2009

oil changes like the wind

Sentiment changes quickly so when you trade oil you must be prepared to change too
today we revise our buy entry and we have a ton of bearish data that is being disregarded
the xom numbers were not pretty and the jobs were higher the continuin claims is a
mirage because benefits are running out -people are still out of work
Mayube they are glad we don;t have to keep paying.
Earnings have blown the door off overall K IP V and MC this is a fundamental rally
we change our bias to bullish because the market will not let oil fall apart
buy dips now











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