Wednesday, May 23, 2012

Spooky Technicals Bonus

/cl (crude oil) fell so hard today it broke under $90/barrel briefly.  One could not even find any clear resistance points unless one switched all the way to the daily chart.  Now look at where it bottomed out today -- and look at last Halloween...

The market can remember bottoms from a long time ago...


That's a technical boo to you.

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