RE: Just rallied to 3.30People are waiting for oil to stop going down. Technically you need the trend line to stop going down and stabilize a while then breakout upwards. Rather wait and buy 10%-%20 up from bottom than trying to catch bottom and losing 20% to 50% in the process. The technicians are watching oil very very close. No one will jump in just yet. If you notice everytime we have reached $60-$55-$50-4$5 it started to run down faster, check and see if it holds at next level which would be $40. Be patient on this one, you will be rewarded BIG!