Selling continues today.

We would need to at least see the CTick move above the IWM trend in order to believe in a possible reversal.

Also, the EV pattern both for oil and for SCO do not look like a bounce might be coming.

I am staying with the short positions for now.


Pascal

Name:  20DMF_RT.gif
Views: 1138
Size:  35.7 KB

Name:  SCO_EV.gif
Views: 1089
Size:  33.1 KB

Name:  oilf.gif
Views: 1124
Size:  31.8 KB