Halliburton (HAL) got the thrashing it deserved today, and saved my reader picks from a bad day. Time to cover, as this may be a double bottom, and it's daily MACD is not coorelating with its weekly anymore. If you shorted this stock where I suggested it about a month ago, you would have made a cool 11%.
Now that we've consolidated these past few days, I'm eagerly waiting for one last push out of the bulls, to 11,600 on the Dow Jones Industrail Average. If we keep going sideways or down, the pattern that has developed for the past four months may become useless. Let's hope for a bounce in the next day or two.
Halliburton (HAL) got the thrashing it deserved today, and saved my reader picks from a bad day. Time to cover, as this may be a double bottom, and it's daily MACD is not coorelating with its weekly anymore. If you shorted this stock where I suggested it about a month ago, you would have made a cool 11%.
Now that we've consolidated these past few days, I'm eagerly waiting for one last push out of the bulls, to 11,600 on the Dow Jones Industrail Average. If we keep going sideways or down, the pattern that has developed for the past four months may become useless. Let's hope for a bounce in the next day or two.
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