While we are waiting for the general markets to "do something", a good short term trade is setting up on oil stocks. $BPENER has risen off of it's normal "very low" level, and several energy stocks made good gains today, signalling that a short to intermediate term bottom has been made. Calculations on these energy patterns gives an 8/11 or 8/12 ending date for the pattern, just like the general market, so I wouldn't stay in on the long side any longer then that, just to be on the safe side..
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