Wednesday, January 2, 2008

Alert USO

The USO is wedged between the horizontal line at 77.59 which is the 52 week high and the up trend line which began in December at the most recent low around 68. I don't expect USO to break out but if it does I want to be in early as we are short OIL. So we will buy on a break of toady's high 78.81,

Buy 100 shares USO, market if touched 78.91.

Chart http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=uso&sid=0&o_symb=uso&freq=1&time=8

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