Watch USO this week. On the hourly chart it is almost a buy. When the 10ema crosses the 20sma it is a buy. I also feel that it is so shorted it may pop hard to the upside.
Also i think FAZ is a sell here. Would look at puts.
Here is a neat website that i have just began to read. When i read things like this whether it is prechter or dent i like to put my own spin on it.
www.martinarmstrong.org
Sunday, December 13, 2009
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