10.24.2006

TECHNICALS-OIH


The best performing sectors on my screens today are the metals and the oil services group. The OIH ETF appears to have bottomed in late September and now it seems like the weekly chart has ticked up. I have mentioned this group several times in the past citing an excellent risk reward. I am looking at a short term target of 135/140 on the OIH and I know that I am on the same side as Cramer with this one now, but I suspect if we wait long enough that will change as he will know doubt buy the low and sell the high. Thank goodness he has our back's.

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home