OIH oversold

[dac8555]

Quote from brent hyll:

why is everybody bullish on this down here? Looks to me like some awfully big players are bailing out of these stocks, which always leads me to believe they know something I don't.

longer term (2 weeks+)...bear all the way. I agree with head and shoulders and lower highs and lower lows.

short term (this week), oversold on a few different indicatiors...AND there is heavy support at the 130 level.

I went pretty healvily long at the open (about 70% of the portfolio) but i am out at the 140 level.... (currently sitting around 134). doubt it will get near 150.

Suerte a todos.

 

[bttweb]

pretty downward to me.. but slow though and might make some small ups and downs... may not break 140 .. dont waste ur time and money..

 

[pv150]

Quote from brent hyll:

why is everybody bullish on this down here? Looks to me like some awfully big players are bailing out of these stocks, which always leads me to believe they know something I don't.

Yep 130 was below the trendline but the market bounce has been good for those 9 pts from there. 150 looks doubtful without oil running to 80. GL

 

[a529612]

Quote from pv150:

Yep 130 was below the trendline but the market bounce has been good for those 9 pts from there. 150 looks doubtful without oil running to 80. GL

I'm flat. OIH has gone up way too fast. 10% in 3 days. It's a disaster waiting to happen...

 

[TorontoTrader2]

ok...OIH pulled back to 135-137 and seems to holding. I longed it today.


Anyone else in this trade?

 

[SethArb]

I am long a teeny bit of USO into the weekend
near the lows of the day

good luck to you sir

 

[Hook N. Sinker]

I think the Livermore Market Key shows a buy signal about 140. The increase in volume about 22 July 2006 suggests to me that the Livermore Market Key is used to trade this stock. There are some other volume patterns that are consistent with the use of the Livermore method.