to the upside. Shake out the last weaklings and get a few more news hounds short....remember, we buy now in anticipation of 6 to 9 months, not 1 month!
Could be. But oil doesnt necissarily follow a chart. Looks down tomorow unfortunately. 50 in 5 months?
What does the chart say about recessions/depressions?30,000 Circuit City Workers will be unemployed by April 1st. Does your chart account for that?I will make a prediction....6 to 9 months from now we will be UP. BUT, not by what all the longs want to be at.According to MY charts, double bottom has NOT been achieved. You fail to discount the fact in order to call a double bottom, we have to reach the 'second' bottom. No evidence of that YET.Zathras Knows
Has anyone ever seen a real live double bottom before? I think they are a myth.