Short-Term Bottom?
This is an unusual intraday post. It seems to me a strong possibility that we're at a short-term bottom. Observe these charts. Here is the S&P 500:
And here is the very important oil services index:
The lows today were set at 11:16 a.m. EST. If these are taken out, then this post is moot. But some short-term trades on, for instance, call options on QQQQ, SPY, DIA, and OIH, might yield some handsome profits for next week.
1 comment:
I agree emphatically, Super Bull. Maybe you should consider changing your screen name to Super Bear, eh?
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