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Nope... I guess they got excited cause MER is keeping its dividend!!! This market is so damn funny its incredible... So Merrill dumps billions of assetts at fire sale prices to raise capital just so they can keep their dividend!!!! LMFAO.... wow.... we live in some assbackwards times...

They figured out that oil stops trading at 2:30 and they can rally then!! LMFAO I do love this game!!

Updates on crude: * Oil inventories bullish * Oil demand increased * Goldman reiterated its $149 price target by the end of year. * Aggressive shorts who tried to break crude are grabbing their ankles right now. Trade is looking nice.

Are you posting this article on the right thread???

Saved by the last half hour rally. Bullish Notes: * We closed above $122 support. * Shook out many weak hands today. * Rallied nicely off the lows. * Still in a multi year bull market for crude. * Demand for gasoline last month at highest levels since 2006 (No demand destruction yet)...

If we get a close below 122 I'll be stopped out. My target exit will be when I get a stoch cross on that same chart (30 minute) in overbought territory (I use 75 or higher though most use 80).

In case some one wants to derail this thread by bitching that I made the call an hour after the trade I'll post proof. I would have done it in real time but I was too busy TRADING!!! The only reason I'm posting is for others to take advantage of a great setup if they feel the logic makes...

Here's the chart.

Went long this morning at 122.97. Divergence between Lows and Stochs. See attached chart.

Covered @ 130.05. Good night!!

Unfortunately this situation IS the NORM... I have tried to work with customer support several times on this issue. Daily data ALWAYS misses a few bars using esignal data. This is NOT an esignal issue.

Something is going on after hours in crude. It popped back up to 141.50.

Nope shorted one August CL contract.

A top in oil wouldn't neccisarily mean a bottom in the S&P. The funny thing is high crude prices and there effect on energy stocks in the S&P has masked how poor earnings have really been these past couple of quarters. If you take away the energy stocks the S&P's earnings are at 10 year lows...

Not trying to call a top or anything. But with the global economy in its current state there will be an impact on demand. Please call me an idiot. I'll be back in a month to let you know how it went.

Once I realized that discussing (which always turns to arguing) my positions and reasons for taking positions on a message board was an enormous waste of my time and effort I just decided only visit this board about once a week purely for entertainment. In trading you're all you got. You must...

I guess it wasn't a bad print.

Getting closer...

Bad print? We shall see!!! :D :D :D :D :D :D