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.


Anonymous said...

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

Anonymous said...

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