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