claydoctor
Short

XOP the double bottom the world has been waiting for

AMEX:XOP   SPDR S&P OIL & GAS EXPLOR & PRODUCT
28 1 0
with increasing RSI values, this could actually be bottom support in September. Where we flush out the remaining soft oil             companies that teetered on the brink but survived last low. Could be very ugly for them, and the big boys swoop in and gobble them up for "pennies on the dollar". Contracting world economies from the euro             mess and slow down, dollar strength, oil             cannot stand up to that pressure, demand slows. The perfect scenario for lower oil             , and the what a real double industry bottom requires. Your welcome.

snapshot


Look where this thing turned....right on the Yearly Pivot. Coincidence? Anyway, I think it may ride down the Ichi Mo Ku Kumo Cloud. Probably a slow drift down as will the S&P and the Dow.
I think your date is about right with the seasonality. Cheers.
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out