CL Redux

[InvestVision]

good call next target YHOD

Quote from EON Kid:

next targets YHOD then Morning high

 

[InvestVision]

now to know what was that $103+ spike in last night asian session , that is to trap new LONGS at the morning $101 levels into trade :- )

 

[BCE]

Quote from BCE:

Will CL pullback to 96?

http://www.elitetrader.com/vb/attachment.php?s=&postid=3102562

Don't trade against the Magic Eight Ball.

 

[tzachi]

(Reuters) - Traders said oil prices fell by more than $2 a barrel in late Thursday activity on rumors Libyan leader Muammar Gaddafi had been shot.

BUT:

Confirmed: Leader of Libya has not been shot; rumor he was shot was started by oil traders in hopes to drop oil prices

 

[NoDoji]

Quote from tzachi:

(Reuters) - Traders said oil prices fell by more than $2 a barrel in late Thursday activity on rumors Libyan leader Muammar Gaddafi had been shot.

BUT:

Confirmed: Leader of Libya has not been shot; rumor he was shot was started by oil traders in hopes to drop oil prices

I am shocked that our own zxd would do such a thing

 

[NoDoji]

Quote from BCE:

http://www.elitetrader.com/vb/attachment.php?s=&postid=3102562

Don't trade against the Magic Eight Ball.

Ha ha! That reminded me of the Happy Fun Ball commercial, "Do not taunt happy fun ball."

Which, come to think of it, should be the warning that pops up when you open a DOM to trade CL

http://www.youtube.com/watch?v=7gzDC-2ZO8I

 

[tzachi]

Quote from NoDoji:

I am shocked that our own zxd would do such a thing

Which part, that he try or miss?

 

[zxd]

Quote from NoDoji:

I am shocked that our own zxd would do such a thing

LOL, I actually daydreamed a scenario in which I would. Funny how a rumor that the guy had a bullet in him makes oil drop so much.

 

[BCE]

Quote from tzachi:

(Reuters) - Traders said oil prices fell by more than $2 a barrel in late Thursday activity on rumors Libyan leader Muammar Gaddafi had been shot.

BUT:

Confirmed: Leader of Libya has not been shot; rumor he was shot was started by oil traders in hopes to drop oil prices

Actually I was thinking that rumors would be easy to start on Twitter in particular. Just get it going and people would RT it. Don't like the way your trade's going? Start a rumor. (SEC, I'm only making a joke about doing it, although it probably could be done).

The other reality is that whole run up was supported underneath it by nothing but air. As soon as it came out the Saudis weren't going to follow suit and would in fact make up for any Libyan shortfall, this had to go down.

 

[BCE]

Quote from NoDoji:

Ha ha! That reminded me of the Happy Fun Ball commercial, "Do not taunt happy fun ball."

Which, come to think of it, should be the warning that pops up when you open a DOM to trade CL

http://www.youtube.com/watch?v=7gzDC-2ZO8I

That's funny.

And for what it's worth the "Will CL pullback to 96? Magic Eight Ball Question was asked and posted at 6:27 AM PST this morning. We've obviously been making this whole trading thing with all the technical indicators and stops, etc. a lot harder than it needs to be. I tried to enter negotiations to purchase the Magic Eight Ball. But it turns out it's not for sale.