Tuesday, December 15, 2009


To paraphrase my comment from Fri..... 
Lets pretend your bonus is not being taxed at 50%, or in long vesting stock....you've made a TON short USD / long oil.  It's mid Dec.,  Emerging markets and European sovereign's default risk is screaming up ....it's the day before DOE inventories.
What do YOU do?

Additionally the Crude is no longer oversold short term , and has had a chance to consolidate into the 4th wave of lesser degree and  the .236 retrace. It could go higher BUT can resume the downtrend at any point now.

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