CL Redux

Quote from cherubian:

Indeed a nice ride on the Crude Luge. That triple bottom ~89.20 was just about as ripe as can be on the 4th test there. Nice breakdown earlier in the session as well. No tricks so far today, fairly straight forward it seems. A few pinbars on the 5min failed to reverse, but other than that, the 1min seems very clear.
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Ya...I missed that ride...I stepped away from my computer to take care of some domestic duties and missed the entry...oh well, its only half way thru the trading day...waiting on Part 2 of Kid's prediction :D
 
Quote from EON Kid:

stage 1 is complete
bwahaha.gif
now for stage 2 JK :D
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It will be interesting to check the fundamentals in a minute. Pays to follow technicals and price action
 
Quote from tlow:

Ya...I missed that ride...I stepped away from my computer to take care of some domestic duties and missed the entry...oh well, its only half way thru the trading day...waiting on Part 2 of Kid's prediction :D
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An expensive extra hour of sleep for me. :p Onward and upward. I know you all just killed it, no? :)
 
Quote from BCE:

An expensive extra hour of sleep for me. :p Onward and upward. I know you all just killed it, no? :)
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Don't feel too bad. I was down but caught most of it back on the ride down
 
Quote from ammo:

oil notice the zig zag in last 3 weeks,does this warn of a top
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I got short Jan 12 on new highs in March & April contracts, stopped out in April and re-entered on Jan 31, Short the May on Feb 3 on new highs, Volume dried up on new highs telling me highs might be in, so just hoping this time around, Crude will at least go to first targets. March contract never made new new highs.
 
Quote from Good Fortune:

Don't feel too bad. I was down but caught most of it back on the ride down
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Glad you got most of your money back.

I don't feel bad. Missed opportunities are the reality of the market. I just chuckle generally and move on. I didn't lose money. :)
 
Quote from Handle123:

I got short Jan 12 on new highs in March & April contracts, stopped out in April and re-entered on Jan 31, Short the May on Feb 3 on new highs, Volume dried up on new highs telling me highs might be in, so just hoping this time around, Crude will at least go to first targets. March contract never made new new highs.
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Good for you.
 
How do you guys feel about his 89.20 level...obviously, support has become resistance...do we go lower or higher from here?

EDIT: I guess I should give my opinion...hehe...if 85.85 holds we go higher, if not, bombs away.
 
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