Wednesday, November 15, 2006

Oil Service HOLDRS


Here is a daily bar chart of the Oil Service HOLDRS Exchange Traded Fund. I last commented on OIH here.

I had thought that the market ended its rally at the last high of 143.19 on November 9. But the reaction from that level lasted only two days and the market now is trading back above the 140 level. I think this means that OIH will extend its rally upward to 148.
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2 comments:

  1. Anonymous11/15/2006 01:39:00 PM

    Carl:

    i think you might want to look at it again on OIH..in my opinion, it might have started a new uptrend and carry up to 160-170..

    ReplyDelete
  2. Anonymous11/15/2006 02:52:00 PM

    I disagree... I think you need to take another look?? It's all based on the price of crud.

    ReplyDelete