Jim Smith
01-09-2006, 09:55 AM
My first post, hope it's a profitable one......I expect oil to surge again due to the continued fall of the US dollar. Therefore, I expect a rerun of last February's surge in oil stocks this February.....That's what I look for, repeating year over year patterns....To work, they have to be supported by current technical indicators. Anyway, heard George Soros out saying he expects the US dollar to fall. George usually gets his currency calls right.
I am long XOM, but all the majors should work.
I am long XOM, but all the majors should work.