Jeff Pierce

Bullish Signs from Oil

Roger is correct in that I was only pointing out one possibility. I wasn't even confident enough in it to call it a probability given there was potential for a sell off today. I normally wait until after the lunch hour to start buying stocks and by that time I knew all I needed to know about USO today to know to stay away for it for now.

The problem with trend trading is whipsaws and that's exactly what we're seeing in the recent market activity. One just has to accept them and do their best to stay attentive so when the real trend shows up it can be recognized. I think we're close with oil, just not quite there yet.