8000 or Bust

Can we close above 8000 today, there is some chatter over at Slopeofhope.com (my favorite site, Tim does a great job with his blog and the people commenting are great) about this 8000 number. Tim, mentioned that we have had one closed below it once since the the lows in November.

I am looking to get back into USO again. I think the risk/reward is even better here, then before. I am actually going to set my stop a little below that Orange line. I know the trickery that the MM's can do and I wouldn't be surprised to see them take out those stops and then run it up


Although if we break through the bottom support and keep going down, I will buy DUG.

I am also looking at ACI for a head and shoulders play



I was stopped out of MOS yesterday, it was an ok trade. I didn't feel as comfortable with it the last couple of days as I did when I first entered the trade. I didn't place any new trades I actually didn't trade at all yesterday.