Halliburton

After the huge blow-up on Monday we had some pause yesterday and it seems more has to come. But for the moment we think it will be rather a consolidation than a new attack of the bears.
We’re looking for some long set-ups.
If there is a rally coming, will this be a big one? No one knows, but there is a fat chance that some money of the huge sums governments are throwing to banks will find its way to Wall Street.
One picture we like is the chart of Halliburton

This is what we call bottoming…

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