Looks like long term it has clipped the 2002 dip once in 2009 and a second time just recently. I wonder if the market has dished out enough pain on the longs yet
or it wants to try to clip the 2001 low at around 2.000 to have most longs yell uncle before the turn around.

Read in the paper the other day two articles about some big overestimates in some of the large shale formations. I don't know, if that would help short term if we
are awash in the stuff. I agree with you Trades, and would like to see some base building. Stuff can't go to zero. Definitly worth watching down here. Then again
when China and Russia have aquired the fracking and horizontal drilling technology being used they may want to join in.