Image of the day

From the
ATWB Customer Gallery

Sun set Texas style

My Account

New to Astromart?

Register an account...

Need Help?

Local ovesold condition in energy index

Started by pkamm, 09/13/2006 04:44AM
Posted 09/13/2006 04:44AM Opening Post
JMHO of course. But I've tripled my oil-related holdings in the last 48 hours after lightening up considerably some weeks back. It looks like a local oversold low point both in the XLE and in several of the underlying commodity charts themselves. Good buying point if the overall uptrend doesn't actually break -- which of course is possible if we tip the world into recession and demand suddenly tanks.