No rallies to short...This is one of those times where you just wish you had stayed short on Oil. We have been tainted by those couple of times when Oil rallied up to the high $40s out of nowhere, so now everyone is cautious. Would like to see Oil either tank to $25 so I can go long, or rally up quickly so I can go short and feel a bit more confident about the trade. Rich even mentioned that it's not the best idea to open up new short positions here. Of course, if Oil drizzles down to $30 then we'll all be kicking ourselves...
C man