MDI, update and correction!

mdi may 16 2012

Our previous comments were somewhat confusing. This is the count we will go for for the moment. The first real resistance is at $4. How fast it will get there is anyone’ guess but it will be fast judging by previous moves. Drillers are, in a sense, a derivative of the producers. When they make money they hire the drillers, when they don’ make money they do not even know their name, the swings can be huge.