Last week I posted the chart below. In the post I noted to watch 11,300 as a support level. Well, you know the story, support was not held and we fell lower.
We are now approching that same level only this time it will act as resistance. Can we bust through and hold that level?
is the price of gas in your area higher than the national average?
It sure is, believe it or not we are still out of gas in some areas.
I went to fill up last night, and had to go to another spot.
There are still many spots in Baton Rouge and surrounding cities without power. The demand for diesil is through the roof thanks to generators across the state.
I imagine it will get worse as people from Texas evacuate this way.
Long live TSO.
Quick note: Coin is being recovered in a few name as I’m back to break even on GOOG & a small profit in RIMM.
I’m tempted to sell.
I will wait and see if we hold this level.
Let me consult the “Magic Eight Ball”.
Ummm, 8 ball says, “it is unlikely”.
If anyone doesn’t like that, they need to talk to the 8 ball. I just pass on the messages.
that’s what i am hearing. it will spread and get a lot worse.
long live tso- wnr- vlo
Well done, RC!
Aces.
Thanks Zombie, but I still have a lot of catching up to do.
Out of RIMM @ 107.
____
Will re-enter if it gets above 108 for a quick trade.
sniper6: I love those eight balls, I have to get me one of them. I have never tried it on stocks before, does it work? I would love to get one that just says BUY, SELL, HOLD 🙂
Oil just did a double bounce off the $100 mark.
All the oil and gold related stocks are clearly rallying due to the premonition that oil will bounce off $100 and go higher from here.
I pity the fools who are buying the oil companies and stocks like DIG here, if oil does not hold $100, and heads for $80.
RC, JOYG
Shorty- it works pretty good. The fortune cookie is much better though.
I have an idea for an improved 8 ball. Every time it will say “stay hedged”, and it’ll be right.
Fudlow thinks Goldilocks ate a bowl of porridge laced with arsenic.
GOOG is on a mission.
We are about to close above the 50 MA on the DOW, that would be huge!
Nice find, does not look like a bottom but we could def rally through options expir week.