Wednesday, May 9, 2012

Three Letters: OMG



You've got to be kidding me?  JRCC bounced around like a 10-year old brat today, knifing from $3.60 all the way to $4.29 and settling in at the $4.17 spot way above its 50% daily Fib level.


Money Flow looks about ready to explode to the upside on the 10-day 15-minute charts with strong support from volume.  


Are we finally going to reverse this MF Global bankruptcy induced commodities downtrend?  


Are we going to all be shouting "JRCC, take us up to $23" from rooftops all across America soon?


Who knows?  For now, the bulls are in control on JRCC, posting a +11.14% daily gain.


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