Blog description

My photo
A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Thursday, August 21, 2008

XLE

Oil is up...big surprise.....Question is for how long? The XLE is tracing out an impressive H&S pattern back to the 50 day EMA. Will it round off or continue higher? Ask the Russians....

No comments: