LGX Oil + Gas Inc ROAOF

RE: Safe to say it's hit bottom

[Bigbadoil]

So Maria you are the current TA guru..so whats our bottom and in what time frame? I listened to a TA guy today on CBC radio, he thinks Dow, S+P are in a trading range now and this is wave 3 before it goes into a full blown bear market. If the S+P breaks thru the lower range, its going to move down. As a fundamental investor ther are signs that the US economy is slowing down...indicators are down.So in the big picture, both technical/fundamental analyises are aligned together. As for oil - look at the inventory build -up 300mmbbls. But world oil demand is 80+mmbbl/d so it is only a few days supply. China is a wild card. I can see $40 oil. As for our "oil". They have found some economic oil in a good location. They will keep going and find some more. We must be close to the bottom. Bigbadun'