Monday, December 18, 2006

Oil Service HOLDRS


Here is a daily bar chart of Oil Service HOLDRS. I last commented on this ETF here.

I think OIH has begun a move which will eventually take it to 100 or below. Meantime I expect short term support to show up in the 131-33 zone. After a 7 or 8 point rally from there the market should resume its drop to 118 and below.
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2 comments:

  1. Anonymous12/18/2006 12:43:00 PM

    WOW thats a big drop - I own 100 shares
    I will look into selling these a buy more NYX
    Thanks Ron

    ReplyDelete
  2. Anonymous12/18/2006 01:50:00 PM

    Ok, decided to stay with OIH - I sold some RLF & all PGN to buy 200 more NYX + raise cash to buy OIH on a pull back to 120 Thanks Ron

    ReplyDelete