CL Redux

Quote from DonCorleone:

nice trading JD! way to keep at it!!

i think we were both looking at the same thing today. very nice.
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Ditto to you buddy-- wish I had played that .47 short earlier better, I think I had too high expectations given the circumstances. I fully expected 87 to be hit, halfway expected .75/.62 to be hit, but my timing was quite off on that. Should have re-shorted when I was stopped out as I had planned on, or else put the stop above .55 which was the smart route, it turns out. Oh well, we just have to learn every day I suppose!
 
Today was such a weak up day. However, we stayed above the VWAP all day long, and the bears were even weaker than the bulls. We aggressively established new value, back into the area established two weeks ago, and have not broken that value yet. We will have to move and close strongly below the 86.20s for me see a longer-term bearish scenario.
 
Quote from InvestVision:



- I think gaddafi factor may be playing little bit today for CL NOT to Retrace from LOws ...

- with gadddafi days literally numbered ( see above TIME article ) , it can happen any day in one week time. there could be 3 to 4 dollar DIP for a day or two with this event .
- With gaddafi gone , Libyan 1 million barrel oil can come to market with in 1 month time as most of the OIL infrastructure is intact .
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