Burren - Charts & Fundamentals

Reaction overdone IMO, nice bounce. Easy money if you follow the trend. Always an opportunity at sub 850. Fortunately have hedged positions on some E&P's at the moment.

I also feel that HB is one of the most informed and lucid posters on BUR and I for one still remain long although the RSI and MACD has been coming down for 3 weeks now. I was expecting a fall to 830 over the next week or two but this has got that out of the way in quick time.

I believe the political death has got the market in its usual modern journalistic ill-informed lather with all the attendant lemming-like activity. Talk about headless chicken - possibly turkey.

A merry christmas to you all and a happy and prosperous New Year.