For weeks now, I’ve been saying that a drop in crude oil would take us to the blue trendline of support (formerly resistance). Sure enough, this morning we got our target:
The question is – – what next? I guess I’m more inclined to cover a few energy shorts now than before, although it’s always a little sad to say good-bye to a friend. Truth to tell, I’m probably not going to touch a damned thing yet.
