CL Redux

do you think the numbers got leaked?
bwahaha.gif
 
Needless to say, the problem with waiting on the pullback, it the fact that the market could trend strongly before a pullback opportunity presents itself...
 
Quote from jones247:

perhaps the market overreacted... BUT - I would go long on the pullback, instead of fading these high levels...
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After the shoot up I was waiting for a retracement to .30-ish (Jan), but since it kept going up now I'm in fading mode - but that's just me.

60 and counting.
 
Quote from EON Kid:

what is your take on it Jorge?
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My take is I should have shorted at 89 flat as it was my plan, instead of jumping the gun :D (although I would have been stopped out at be, it would have been a nice trade)

IMV we're in a wide range, so I would fade the extremes.

As for the report, it would actually matter if inventories were average or low, but being at record highs, this is fundamentally a non-event.

All of it in my opinion, of course :D

http://www.youtube.com/watch?v=9MV1ot9HkPg&width=550&height=453
 
Quote from jones247:

on the next long bar close will be an opportunity to enter long on the pullback... (I think)...
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IMHO a true pullback (my target, hehe - wait, I'm not short, damn it) would be a correction to the gap left by the inventories, even if it doesn't close it, i.e. 88.20 +/- 20 ticks.

You can go long here of course, but that's more like scalping. In my opinion, of course. :)

Edit: if equities hold 87.80-ish would be a very nice place to get long. Maybe too obviously good...

Maybe I'm wrong and the report changed something, but to me it looks more like buy the leak and sell the news.

In the meantime Nodoji must be making a killing with those frozen bellies :D
 
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