DAYTRADING Fundamentals Message Board

To: 2MAR$ who wrote (17865)

3/1/2007 1:13:54 AM

OIH ....more on intraday rsi /OS/OB pivots & double tops & bottoms ...

Unusually non volitile day on oil/OIH , still the clear buy longs off the OS on 3min also the short sell at the OB/pivot in the am @ $137.40 area ...and at the EOD at almost exactly the same OB/D-top @ $137.25 for another +$1.25 short scalp ... more often these are 2-3pt swings .

* trading the OIH effectively , absolute must to use live Nymex chart feeds of course ....the OIH trades in exact sympathy to ..and well worth the extra fees , chart below :
nymex.com