Agree about the oil Pic, but of course:

"I can not speak for others but this retrace seems so much more orderly and less frightning than the Sept, Oct, Nov mess. We can now almost "feel" we are near lows whereas late last year was mostly a freefall sensation."

In the fall we Really Fell, from almost $2 to below 0.50, about a quarter of previous. Now we only went from 0.90$ to 0.50, that is not even half and in a more gradual fashion.

This time we would have to drop to 0.20s to give you the same sensation if you insist on it, Lol but though I am normally not for colourful words, by then you would probably find some from me.

Relax, have a drink with me and things will look much better. Cheers.