Tuesday, December 4, 2007
Alert: USO OIL
USO is down 1.40 and OIL is 0.96 down. Just stay in both positions. I want for oil to drop to 80 per barrel. Since the longer term outlook for oil is much higher I will close the short position and double up on the long when that happens.
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2 comments:
When do you expect this to happen?
I would say over the next one to four weeks. But what I expect to happen when means nothing to and should mean nothing to you. The only thing that matters is how I respond to whatever does happen.
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