Wednesday, August 8, 2012

USO Update

Watch USO carefully, this may be a Crazy Ivan shakeout...
The intraday triangle and a break below it, if we see a break above, then everyone is being shaken out and we have a Crazy Ivan shakeout, the end result expected would still be a move to the downside after  an upside shakeout.

I just opened the Risk Asset Layout so I don't have 3C open, I'll check USO as soon as I'm done with the Risk Asset Layout and update you if there's anything to see or know.

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