CL Redux

Blubaru_555 · Oct 11, 2011

trying a short today, 86.00 on the QM. stop is 86.35, will try my best to hold this for more than a day.

EON Kid · Oct 11, 2011

Quote from Blubaru_555:

trying a short today, 86.00 on the QM. stop is 86.35, will try my best to hold this for more than a day.

I like the trade, however I think the stop may be hit, especially if CL follows the indexes higher

tomahawk · Oct 11, 2011

Quote from EON Kid:

I like the trade, however I think the stop may be hit, especially if CL follows the indexes higher

Indexes might be done EK. DT w/yesterday and big gap below left over from Friday.

Good trading all.

T

EON Kid · Oct 11, 2011

Quote from tomahawk:

Indexes might be done EK. DT w/yesterday and big gap below left over from Friday.

Good trading all.

T

I still think ES 1200 is a target, there is also the Slovak parliament vote on the ESFS, 6E, may be a non issue

aquarian1 · Oct 11, 2011

Tuesday, 11 Oct 2011

lots of computer prbs today.
price is approaching the high and looks to push past it towards 86.60
60 min - top not yet in -- Wednesday?
30 min - top in a couple of hours

order to sell at 86.10

aquarian1 · Oct 11, 2011

CL 11-11 Sell 1 86.00 10/11/2011 12:39:37 PM

DonCorleone · Oct 11, 2011

as long as 85.75 holds next 20 mins, short squeeze play is on.

tomahawk · Oct 11, 2011

Quote from EON Kid:

I still think ES 1200 is a target, there is also the Slovak parliament vote on the ESFS, 6E, may be a non issue

I am currently having doubts about the analysis in my post.

ES will not top unless 6E gives it up, which is not looking too likely at the moment.

DonCorleone · Oct 11, 2011

Quote from DonCorleone:

as long as 85.75 holds next 20 mins, short squeeze play is on.

86.60 next, with 86.20 as support

Asterix · Oct 11, 2011

Quote from DonCorleone:

as long as 85.75 holds next 20 mins, short squeeze play is on.

Nice call. But Why short squeeze and not trend cont.?

If just a squeeze we should fall back below 86.00, shouldn't we?

CL Redux

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