USO revisited....

Notice a 1.000 node coming up soon (middle chart)...

When does it land exactly? 3/19/09 Watch for a REAL bottom in USO possibly a few days either side of that date. That's normally what you would expect. The bounce back at the .75 node a few weeks ago was not something I had a lot of confidence in, as the .75 is a 'minor' node...