Hi Jurek

Yes, the CLL chart and general market condition does not look convincing for buyers. I am 45% in cash. Interestingly the daily RSI for CLL is about 40 despite heavy selling in last few sessions. One would think that we should be in oversold condition (10 to 20) and ready for the bounce.

Yes chart is lacking momentum so the indicators so far are hard to rely on in such conditions.MACD is flat RSI is floating between 30 to 70 .Not much to do with that.Today once agin the 1.15 seems to hold.Interesting is the acumulation indicator which tend to go up.

I go along with Brian's vision that oil could go to 90 -100 level after the European problems are solved.But it's possible another country after Ireland could come in sight in next months.I don't know who is selling ?I think mostly funds playing a game .As retail investor it's better you stay right now .