Wednesday, August 6, 2008

Get ready to trade oil rebound.



Oil has been down from $147 to $118 recently. Now is on the the 2nd down leg. When it down to $100-$110 will be a good time to jump in for the rebound to $125 area.

At that time, ready to buy
(1) Put on Air transportation stocks.
(2) Call on oil stocks.
(2) Call on proshares on oil/energy ETFs
(3) Put on untrashort oil/energy ETFs.
(4) Maybe Call on SKF(ultrashort financial) also.

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