Thursday, November 09, 2006

Oil Service HOLDRS

Here is a daily chart of Oil Service HODRS, and ETF (exchange traded fund). I last commented on OIH here.

The 141 target was reached on today's open. I think the market has a shot at 142 but the important thing to remember is that the next important move will be downward to 110 and lower.

1 comment:

Anonymous said...


if OIH closes above 141..that is the 200EMA would be first time in last 3-4 months..don;t you think that is very bullish? thanks