short 106.70
CL Redux
- Thread starter schizo
- Start date
add .85
seems short squeeze happening , we may settle close 106.90 ish let us see
we got 1/ ( hey you guys have to give me some credit , I said 106.90 close when price was 106 and we are looking at 105 downside or at best 106.45 ) 
more likely get we 2/ and 3/ . may not be exact same close prices as prediction but 50 ticks here and there.
here is my conspiracy theory
a/ CL does alternating PUMP/DUMP generally , so this pattern is a natural fit for CL and this will fit well FRIDAY UP close theory .
b/ Goldman sachs gave sell call unilaterally and sold all his/clients at higher prices, but other big traders did not sell theirs, they are upset about it.
So they wanted to pull up few dollars to change general public mood and scare shorts . Once many shorts are closed they pull up ( as they did today ) they can offload their LONGs
more likely get we 2/ and 3/ . may not be exact same close prices as prediction but 50 ticks here and there.
here is my conspiracy theory
a/ CL does alternating PUMP/DUMP generally , so this pattern is a natural fit for CL and this will fit well FRIDAY UP close theory .
b/ Goldman sachs gave sell call unilaterally and sold all his/clients at higher prices, but other big traders did not sell theirs, they are upset about it.
So they wanted to pull up few dollars to change general public mood and scare shorts . Once many shorts are closed they pull up ( as they did today ) they can offload their LONGs
Even though they work over and over again, I'm always surprised when these obvious setups right out of Trading 101 work over and over again
So what you're saying is you caught the first push, then didn't close your porn window in time to get the re-entry order in?
I traded it in two pieces and not for lack of balls! I just thought it was prudent to take profit when a 105.91 level I had noted didn't break. I got the re-entry in because I cheated and didn't wait for the support break (and I thought for sure I'd be stopped out when price inexplicably moved back up to try for 106.17 again).
Vis the Wise simply added to a winner like all good good traders should
