ominous portents for the nascent "recovery"
the question I suppose is how much of this is Libya reaction, and whether the market really wants to shrug it off - the USO chart sure looks poised for a strong up wave, having completed a pretty classic 3-wave correction, so it could well be a case of Libya simply triggering a psychological number of a well established uptrend, also confirmed by the volume trend - a sharp run up from $100 would almost certainly be a blow to the main street mood, and have rippling effects
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