Thursday, March 13, 2008

Oil

I'm thinking we pull back to the $107/108 area tomorrow afternoon. EXTREMELY overbought.

You picked a nice pivot point with that SKF buy Peter. You should have bought both (UYG too) as I guarantee you'll see 10% each way between now and Tuesday. JMO

1 comment:

Peter said...

Hey Joe sorry about your mother, I hope everything turns out ok with her health. You are a good son taking care of her, is she an Italian mother, or is that just our fathers side??

Some crazy stuff today, although I saw very little of todays action I think we have a little better sense of direction after today.

I agree I should have picked up some UYG but it was difficult because I was barely by the computer today. I'm on break tomorrow and all next week so I definitely plan on taking advantage of both sides of that trade when I can pay more attention to price changes.

How light are you on the miners??