Crude Oil, Spreading Fear Throughout Wall Street
May 9, 2008
As Crude touched $125 overnight many are fearful that these high oil prices will destroy the stock market. So far, these high oil prices have only produced 1 distribution day in the past week. It seems that the elephants continue to stay on the sidelines of this market. They are neither buying nor selling. The ole saying; “Never Short a Dull Market” is so true here. This market is simply bumping up against resistance, until we breakdown on higher volume I continue to see this market … [visit site to read more]
Crude Oil, Spreading Fear Throughout Wall Street
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