Oil is at its lowest levels in years. It is the life blood of world economy. It is here to stay until we find other solutions. For now, it remains world choice, oil increases and as China begins stimulating and Greek votes to remain in Euro, ERX jumps to over 50 within days.!!
ERX - energy/oil is the best sector to own during this pullback.
it's practically bulletproof because everyone needs it so its stress free.
not only that but it makes you big money during the rallies.
I'm in at 37.25 from Friday. Rsi(14) on a 1 year chart was at 25.34 when I bought it, very oversold worth a shot for sure. Also got long appl at 530 on Friday will hold for a 2-4 weeks unless the market breaks below 1279-1290. GL