Monday, June 23, 2014

Peak Exxon?

My current XOM chart model is shown below. Most people think XOM is deflation proof because of the money printing at the fed but the share price is pumped up by margin fueled gamblers who are all waiting for the music to stop so they can stop dancing and find a chair.  Anyone not quick enough will get left holding an empty bag.


No comments:

Twitter Delicious Facebook Digg Stumbleupon Favorites More