CL Redux

[startraitor]

Another .50 today maybe up.

 

[Picaso]

sim

short .74 stop 10 ticks

Target a move back to .40-ish

:23 stop to be

:24 stopped out be (+63 rolling)

 

[Picaso]

Quote from riskaddict:

If this correction is the real deal all signs point to the 86 area for support. 50 day ma, 50% fib from 11/22 to recent high, and the obvious huge daily TL that started back in August. So if we get below 88.85 look out below I may have left 100 tick on the table today but that will be peanuts compared to what is to come. To make today even more frustrating I left $2 on the coffee table.

Looks to me more like end-of-year book closing

Sorry about your coffee trade, but I'm sure you got some

 

[Picaso]

Quote from startraitor:

Another .50 today maybe up.

If we run the stops right above the previous LOD, probably

(sorry, my sim-stop will not help you )

 

[EON Kid]

Quote from startraitor:

Another .50 today maybe up.

not today, good trade.

 

[NoDoji]

Nice one, Star! I bought .30, took it @ .50 when it pulled back from just outside it, and pounded head against desk because it was my very own lips that said, "If it breaks .50 there's a lot of airspace above." :eek:

 

[BCE]

Another possible reason for the bounce here is the USD is weak again.
http://www.marketwatch.com/story/us-dollar-drops-after-positive-data-2010-12-30

http://www.barchart.com/chart.php?sym=DXH11&t=CANDLE&size=L&v=2&g=1&p=I:30&qb=1&style=technical

Nice trades everyone.

 

[startraitor]

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[BCE]

Funny you should post that. I was looking for Clarence Beeks earlier to see how the inventories report would come out. But as it turns out he just does orange juice.

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[EON Kid]

SS 8951