"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Monday, November 12, 2007

JBLU

Because I just can't get enough, I bought back JBLU this morning at a significant discount to where it was unloaded once the XAL broke down. Will watch this trade like a hawk, but that capitulation JBLU (and the XAL) made last week looks interesting and this sector remains a 'bearish on oil' play. But it's just a trade... again. Separately, the gold miners are getting clobbered and gold is doing what our over bought charts (& CoTs) said it might. Worried? Not me.