We had the pullbacks as expected. (a nice little short).
Now it appears we may have another small pullback forming or more likely, just a consolidation.
Then our final push to 80 bucks by Oct 17th./Nov 1st.
Then as we enter the November profit taking season I would think we would see a strong pull back to 60 zone.
Long term (Months)
A solid investment, buy on the dips.
This is purely opinion, and opinions are expensive if you marry them.
The market has an obvious bullish bias, and I don't expect that to change anytime soon.
I use trend channels as guide to help me take advantage of swings and price movements.
As always, never risk more than you can afford to lose.
I am not a professional trader, just an average guy looking for opportunities like the rest of you.
Now it appears we may have another small pullback forming or more likely, just a consolidation.
Then our final push to 80 bucks by Oct 17th./Nov 1st.
Then as we enter the November profit taking season I would think we would see a strong pull back to 60 zone.
Long term (Months)
A solid investment, buy on the dips.
This is purely opinion, and opinions are expensive if you marry them.
The market has an obvious bullish bias, and I don't expect that to change anytime soon.
I use trend channels as guide to help me take advantage of swings and price movements.
As always, never risk more than you can afford to lose.
I am not a professional trader, just an average guy looking for opportunities like the rest of you.
Komen:
Don't panic, it appears to be a strong pullback.
