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I spent some time looking at charts yesterday. Its not really my...

  1. 912 Posts.
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    I spent some time looking at charts yesterday. Its not really my thing, but it seems the consensus among tech analysts was that we needed one more plunge (because the dog guarding the gates to Hell must have three heads, or something). It looks like we got it right on cue. Apparently, $28 WTI is the magic number in those circles to give Cerebrus his third head, or butt-cheek, whatever.

    At this point the analysts are divided between those who see another fall (four heads WTF) and those who call this the bottom. Interestingly, we bounce back either way. When some still say 'SHORT' they mean today, this week... maybe next week.
    GLs
 
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