CL Redux

schizo · Feb 10, 2011

We're heading right back down IMO. Chopfest continues.

NoDoji · Feb 10, 2011

Quote from David M:

bull still looks intact ...

buy the dips for now.

There's been some short money to be made, but 80% long for me today.

David M · Feb 10, 2011

Quote from schizo:

We're heading right back down IMO. Chopfest continues.

we'll see in 15 mins .

NoDoji · Feb 10, 2011

That was a pretty weak b/o of the high, but as they say, anything can happen (especially with CL) :eek:

NoDoji · Feb 10, 2011

Long .29 off the 20-bar EMA

InvestVision · Feb 10, 2011

I guess oil will hold this BB(20,2) mid line price 87.45 for week end close (by friday close ) as it is holding for 22 weeks on this weekly chart

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3086774" height="500" width="700">

Quote from InvestVision:

few observations on the attached Crude Weekly chart

- charts shows bollinger bands (20,2 ) on weekly chart
- for last 21 weeks ( since September 2010 ) the weekly close price holding above BB moving avarage
- this week again testing the BB moving avg. line price 87.45 ( as of today )

I guess this week close will hold that BB avg. line price

David M · Feb 10, 2011

long 87.25

NoDoji · Feb 10, 2011

Quote from NoDoji:

Long .29 off the 20-bar EMA

Out .27

EDIT: I think that was the first time I entered with a limit order anticipating a level.

EDIT MORE: I like entering with stops better

Flipped short @ .26

InvestVision · Feb 10, 2011

Close short 87.20

Quote from InvestVision:

Add 2 87.70

schizo · Feb 10, 2011

Quote from InvestVision:

Close short 87.20

Very nice.