CL Redux

[cstfx]

ES breaking new lows for the day

 

[cstfx]

flat 7370

 

[cstfx]

Quote from cstfx:

flat 7370

would've, should've, could've...

thought it would retrace a bit first....

 

[NoDoji]

Quote from Picaso:

What do you think of that LOD, Nod?

Not much. I'm suffering from extreme "too low to short" disease (though my one trade today was a short). OK, back to watching my philodendron grow...

 

[riskaddict]

just bought a little insurance in case you bears get a little frisky. 76 OCT put for 4.75. If we get down to 72.90ish i will shed the put.

 

[schizo]

LONG 73.59

SL 7340; PT 7418

 

[riskaddict]

Schiz, you get a piece of that coffee move?

 

[NoDoji]

Quote from schizo:

LONG 73.59

SL 7340; PT 7418

Oh that was my classic counter-trend long signal with a 20-tick target, and I talked myself out of it!

 

[schizo]

Quote from riskaddict:

Schiz, you get a piece of that coffee move?

I wish I had, but I can trade no more than 2 instruments at a time. I've been trading mostly ES and ZN lately.

I believe all ag's (grains and softs) are going through the roof right now. I don't understand how Bernanke and his cronies believe that we're being sucked into a deflationary vortex when in fact the commodities are on steroid.

 

[Picaso]

Quote from schizo:

I wish I had, but I can trade no more than 2 instruments at a time. I've been trading mostly ES and ZN lately.

I believe all ag's (grains and softs) are going through the roof right now. I don't understand how Bernanke and his cronies believe that we're being sucked into a deflationary vortex when in fact the commodities are on steroid.

Schizo, do you have a long/short bias in Treasuries? [Edit: or steepener/flattener?]

Many agrs are not being driven by inflation fears, but by crop-specific problems (cocoa, coffee, wheat, sugar...)

Wait till harvest time and we'll see, but Jesse says lot of pain for longs