And thus far we've passed the first target, which was to be expected, we are nearing the second target and I want you to keep in mind what I said about this yesterday. It appears they'll shake the tree hard on this one and as I said, you may look at the chart when all is said and done and not even want to buy USO, but I remain very positive on this move, it's overdue, it's a good opportunity and shortly we will see the locals snapping up USO. We haven't even hit the more likely second target or the extreme 3rd target.
Targets can be found here.
Your main advantage over Wall Street is patience, you can wait, you don't have to be in the market al of the time. Use that to your advantage with all trades, but especially USO.
USO daily
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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