Apologies to Graddhy. He has done good and extensive work on the Oil Chart

I misrepresented his post yesterday regarding the viability of the Oil Bull.

Oil is in a wedge…As Graddhy said so well…Bull case is fine unless this bottom trend line goes…its over $2 down…still a ways to go.

Be careful trading the 3Xers in oil though…they can and do move over 10% in minutes .

I was in UWT when Plunger posted his bear case and switched to DWT just before the break. Now on the sidelines

Thanks Graddhy and Plunger. We need to look both ways before we cross the street.