the OIH charthttp://www.rayrohn.com/images/pcharts6/oih06.png
nice call it hit 130 today :)
not a very impressive candle today....probably take it a couple of tries to get through that gapbe nice if it fill the small gap today and not trade down below 125 but that probably will not happen lolnew chart ... http://www.rayrohn.com/images/pcharts7/oih01.pngsold my VLO today same thinking here is monday might trade down and fill that todays gap http://www.rayrohn.com/images/pcharts7/vlo01.pngtodays candle on VLO really has nothing important to say except the bear drank the foam off the top lol
sold my VLO today same thinking here is monday might trade down and fill that todays gap That window opening just might act as support as VLO tries to claw its way out of the basement. Maybe a good time to buy if that area is tested and holds?
lol yes it sure does look that way ....took a poke at BJS early @ 29.98chart :::: http://www.rayrohn.com/images/pcharts7/bjs01.pngif BJS can break 30.35 should do 32 or so IMO
VLO fill that gap ... http://www.rayrohn.com/images/pcharts7/vlo03.pngwaiting here for a bottoming candle or some other pattern for re-entry
VLO fill that gap ... waiting here for a bottoming candle or some other pattern for re-entryLooks like VLO bounced off support within the window and closed at the same level as fridays lower shadow. In any event the bears win today. The weekly chart is more encouraging than the daily but I think it's going to be a long drawn out battle for VLO.Good Trading
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