Oil: Rising Bear Wedge, Break Down
I love the Bear Wedges.Oil breaking down like this will suck down the big energy names in the broader indices. The monster short squeeze in financials is now running out of steam. The Geithner toxic asset purchase plan has been revealed in all its glory and failed to inspire much confidence. Combine these two major developments and you have a recipe for a retest of the S&P 500 lows of 666.
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Oil: Rising Bear Wedge, Break Down
Reviewed by Information
on
06.05
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Reviewed by Information
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06.05
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