CL Redux

Speciaul_K · Jan 27, 2010

If we get up to and hold over 7500 before 1030 this thing should run

riskaddict · Jan 27, 2010

Wish I shorted coffee :mad:

bridenour · Jan 27, 2010

I do believe CL is going to eventually kill me. Is that possible?

I am long until and unless this thing breaks 73.50.

Speciaul_K · Jan 27, 2010

Quote from bridenour:

I do believe CL is going to eventually kill me. Is that possible?

I am long until and unless this thing breaks 73.50.

Yea, me too
im still long, buy stop 7491

bridenour · Jan 27, 2010

Ok i lied. I couldn't pass up getting out at even on that bounce.

Buy order in for 73.98 if it drops that low again.

usman88 · Jan 27, 2010

We should see a drop towards 73.00 by 12:00pm EST

owusu · Jan 27, 2010

Quote from usman88:

We should see a drop towards 73.00 by 12:00pm EST

I hope you're right

tradingbug · Jan 27, 2010

Quote from owusu:

I hope you're right

Accumulation has been occuring below 74.00 everytime we have traded below it. Unless the accumulated longs bail, this thing looks like it could rocket on up.

Just started watching the QMs a couple weeks ago so lets see what happens.

owusu · Jan 27, 2010

Quote from usman88:

We should see a drop towards 73.00 by 12:00pm EST

Usman, you should start covering your shorts, I don't think it will drop, it looks like its heading higher.

usman88 · Jan 27, 2010

Quote from tradingbug:

Accumulation has been occuring below 74.00 everytime we have traded below it. Unless the accumulated longs bail, this thing looks like it could rocket on up.

Profit Taking rather than accumulation took place below 74.00. Consolidation here was a given and any direction market has to take will place max by tomorrow and most probably today