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"We see what we want to see unless we make a conscious effort to see what is really there." -anon.

Archive for May 5th, 2008

Stocks drop, Oil makes a new high

Posted in Crude Oil, QQQQ, Daily Comment on May 5th, 2008

Crude oil made a new all time high today. The chart to the left is the USO crude oil etf. You can see how nicely the price bounced off the uptrending moving average, and how each time the short term momentum (double stochastic) turned up from the oversold level price quickly moved higher. I’ve been […]

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