1.22.2009

USO - Will the pattern repeat?



I look for repeating patterns, and think I found one in the USO.. Look for a spike higher near term, followed by consolidation and a capitulation selloff.. That matches my timeframe of the VIX chart which looks like it wants to move higher still.. Remember increased volatility will drop prices..

tb

"Experience: that most brutal of teachers. But you learn, my God do you learn." - C. S. Lewis

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