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- OIL TO POSTPONE 4th OF JULY FIREWORKS ?
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In the last note we assured you of a Summer rally but OIL had put a roadblock up and so has certain sentiment and non-panic indicators that need to be hit to trigger some real buying. As of now there is just the same old Bear market winners gobbling up space !We need to have a spike down to washout those who bought the big drop last week and I think the news over the next 48 hours will set the stage for that rally all the bulls now are desperate for. GM and Ford are the real culprits now as credit and financials on these two backbones of our economy are questioned. All financials are troubled and techs are not responding as well for now but it may take a mini-crash of only hours to get us in a buying mood for a run up to 1400 SPX….
Fuente Original
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30 Junio, 2008| Technical Analisis |
@ 12:10