GREY:SXRZF - Post by User
Comment by
wavepsycheon Jan 06, 2011 4:36pm
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Post# 17935273
RE: Something doesn't make sense
RE: Something doesn't make sense308U - Reprocessing misinformation if probably the news from China. We all have to make our own calls and act on it. I've loaded-up my half-truck since UUU is near the low end of its short-term Bollinger band ... we are neutral to oversold.
Even if we get a good jobs report tomorrow, the news could be sold. In addition, any hint of QE3 by Bernanke will send commodities to the moon. Last, but not the least, with three days of commodities being sold-off, the chances of a bounce have increased substantially since shorts will want to take profits to avoid weekend risks; there is a greater risk of a gap-up than otherwise. JMHO, respect..