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I mentioned this the other day and I'll mention it again. Not that most people here need my advice, but I'd be careful about holding short positions over the weekend. Who knows what could happen? And if something did this would gap up big time on Sunday. Just a precautionary move. Just my 2...

Hey, stranger. How's it going?

http://www.marketwatch.com/story/phil-flynn-3-gas-more-likely-than-5-2012-02-24 Energy analyst Phil Flynn on MW Radio: $3 gasoline likelier than $5 Interesting.

Tried shorting 108.10 as it felt like it was going to selloff. But you know CL, full of head fakes. Covered @108.13. Shakes his head.

It's okay to do that maybe. But even with QM it is against the trend here. Trading is weird now. Pure momentum runs. Market feels like it's overbought. Looking for a correction. This is the indices not CL. Just did a scalp shorting TF.

Silver's had a hell of a run here lately.

Feb. 24, 2012, 10:00 a.m. EST New home sales in January at 321,000 annual rate WASHINGTON (MarketWatch) - New single-family homes in the U.S. sold at a 321,000 annual rate in January, compared to December's upwardly revised level of 324,000, according to the latest government data...

Exactly. He's hanging out with all his babes.

# 9:56a Final Feb. UMich sentiment 75.3. Up a little. Housing report in a few.

Michigan Consumer Sentiment Report in a few minutes.

V is on his yacht in the Mediterranean somewhere with his entourage calculating his profits.

Shit. I covered my TF short and did a manual exit for a nice profit. But this was before I canceled my in place cover order and got filled on that one as a buy on the way down. Grrrr. Fortunately I got right out. ADD: And as one can figure out I covered a little too early anyway. Cheers.

Missed the move again while posting. Nothing new. :)

GM :) See what the open brings. ADD: Had a short in earlier @108.40, but took it off. Not sure where this is headed. Don't forget today @9:55 AM EST, always a weird time (maybe they just like to be different), the Michigan Consumer Sentiment Survey is out. And then New Home Sales @10 AM...

That gap up on Sunday's open. It's called a breakout.

That's the secret of his success. Low overhead.

Yoo Hoo. Indices. Calling the indices. Hate to interrupt your bullish run, but just a couple of questions. Did you realize crude is now over 108 a barrel? How will that bode for a recovery?

I hear he worked for MF Global. Poor guy.

Hey, you've got to give me some points for being able to make fun of and laugh at all this. :) Sob, sob............................................................:D I'll be joining my friend here shortly.

Of course what's interesting is, a couple of days ago, when I did try this, and thought I had it just right, I had the wrong side of the eventual and longer term trend, and let my profit disappear and missed the reversal. Cheers. :) "You don't understand. I coulda had class. I coulda been a...