Until the chart on the bottom stops going down, the chart on the top will probably continue to go up. An oversimplification without a doubt, but it really is an overwhelming factor in the rise of oil and other hard commodities. I guess I'm looking to be long as the momo is on the side of the oil bulls.
Monday, April 21, 2008
Oil and the Dollar
Subscribe to:
Post Comments (Atom)
About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
0 comments:
Post a Comment