Exxon Mobil Corporation
Short

throwover complete for XOM?

106
My forcast of a top at high 105s is still in tact as we had a throw-over to 107 today. I mentioned previously a 20% chance we hit 108-111 zone temporarily but the fall is still imminent to 98 (within a week), then 85 (after a 98 bounce which could take weeks to months) intermediate term, then my longer term .681 (monthly ++ chart) forecast before XOM is a buy again on a value basis is $63-$65 zone.... we shall see.. Expect volatility through the end of the month and a drop after any trumped up month end rises. I see $108 to $111 as our hard ceiling and where we are now as our relatively hard ceiling with month closing rallies that will serve as fake-outs or bull traps.

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