Tag Archives: bottom?
Oil rears its ugly head.
Posted on May 27, 2009 by WHC Bassetti.
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Oil has been discovered in the market. These price movements look anemic, but the trend lines are broken and there’s a smell of petroleum in the air. A six month formation that could well be a bottom. Might not be a bad idea to own some.
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Noted technical analyst WHC Bassetti has over 40 years' experience in the financial markets and is Malcom S.M. Watts III Adjunct Professor of Finance and Economics at Golden Gate University. He is editor of the Ninth Edition of Technical Analysis of Stock Trends, widely considered to be one of the true classics of market analysis.
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