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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.