CL Redux

EON Kid · May 11, 2011

Quote from Picaso:

The true driver of the sell-off: everybody cashing in their chips

http://dealbook.nytimes.com/2011/05/11/rajaratnam-found-guilty/?hp

âI heard yesterday from somebody whoâs on the board of Goldman Sachs that they are going to lose $2 per share,â Mr. Rajaratnam said to one of his employees in advance of the bankâs earnings announcement.

:eek:

NoDoji · May 11, 2011

Quote from DonCorleone:

bear flag??

Sure looks that way. Whaddayathink, 97.50 into the close if it breaks?

ADD: It's been a pretty clean range. Wait for each extreme to be tested a few times and assume the risk :eek:

DonCorleone · May 11, 2011

Quote from NoDoji:

Sure looks that way. Whaddayathink, 97.50 into the close if it breaks?

tough to say. i should've picked up some at 99 as i said i would. now i'm regretting. ughhh... :mad:

NoDoji · May 11, 2011

Quote from DonCorleone:

tough to say. i should've picked up some at 99 as i said i would. now i'm regretting. ughhh...

I didn't either, it was looking a bit jumpy around that level even though it was holding up. I'm not too keen on counter-trend trades into the last half hour unless there's a very clean setup.

NoDoji · May 11, 2011

Big symmetrical triangle on the 5-min here.

EON Kid · May 11, 2011

Quote from NoDoji:

Sure looks that way. Whaddayathink, 97.50 into the close if it breaks?

ADD: It's been a pretty clean range. Wait for each extreme to be tested a few times and assume the risk :eek:

yeah, looks more short

NoDoji · May 11, 2011

sh .41

DonCorleone · May 11, 2011

Obama speed dialing his buddies to bring down the commodities market. He wants a 2nd term.

DonCorleone · May 11, 2011

Quote from NoDoji:

sh .41

nice entry. next stop at S3@97.39 if this bear flag breaks.

NoDoji · May 11, 2011

Triangle broke, but the wider range is still in play as support.

ADD: Old pivot line trying to hold here too.

Stop moved to 99.20