a well executed raid, page-31

well in my opinion there is solid support on the dow futures at 8200 mark back in mid may - also a round number.
Lots of candles with lower wicks touching that level

we have not fully retraced to that point yet, but i suspect it will bounce upwards from there

we have broken out of the bull channel, so it would be wise to wait for a solid bounce off 8200 before opening new longs

as for shorts on oil stocks, well if oil keeps doing its thing and the dow bounces off 8200 convincingly then i would not want to be holding one. i dont see much opportunity for profit in a short position. but all bets are off if we get a solid break through 8200