ISSUED A HI-POLE WARNING ON 02012013 THEY WERE DEAD ON.
Pays to watch these charts....NOV fell big next two days and still looking for bottom,possibly at $67.
Bad news if that whistle-blower makes his case...who knows what might happen to NOV.
Media did not evaluate the issue.
1-box reversal setting today is a bit encouraging when we went up one box.then fell back later.
A relief rally ,at least,may be due and good for a trade while the smoke clears.
Look at 1 2 and 3 settings and note how each paints a diff. picture.
Charting is free.