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it's one sick puppy
http://www.flickr.com/photos/47091634@N04/45462
it lost red containment the past 2 days

it needs a miracle soon or a big flush is coming

Carl just sold long unit at 1207.25

closed the VIX gap ……. again

GS keeps getting hit.

Carl is now Long one unit at 1202.25

The next logical target is a touch of the 20 day MA. On USO, that is 40.79.

Just looking at the candles for today and yesterday, it does look like it wants to go up.

Yet another buy-the-dip + short covering rally today in oil. I need to see a break of 40.50 today in USO or I might bail on my trade.

BD,

Oil lately (since the realization that Katla is coming) has been falling.

Yes I agree…

Look at oil market it is so crazy.
There is no element of doubt in anyone's mind that it has to be a bear market in oil….

but…..
prices seems to be going up…