CL Redux

[Visaria]

Explain pls usman.

 

[Picaso]

Quote from usman88:

Yep its called classic distribution

I heard that a lot on the way to 110... and to 120... and to 130... and to 140...

Of course, after 140 it went down, so THEY were right all along




Then they flipped and it was all about accumulation at 80, 70, 60, 50...

Of course, ultimately THEY were right again

 

[Visaria]

exited partially at 10180

 

[Builder17]

air above 102 looks thin to 105-106. that'd be quite a move today

 

[riskaddict]

10:30 should be interesting! Everyone expecting a draw down. Sell the news? God the economy must be doing great why do I only hear whining on the nightly news

 

[InvestVision]

short 101.52

 

[DonCorleone]

did a war break out?

short 101.65.

good trades Vis.

 

[Picaso]

Quote from DonCorleone:

did a war break out?

short 101.65.

good trades Vis.

from the ES thread

Quote from Picaso:

http://www.bloomberg.com/news/2011-...of-seaway-pipeline-allowing-more-outflow.html

Edit: Also:

http://blogs.wsj.com/overheard/2011/11/16/conocos-brent-control/

I.e. totally WTI/oil-centric factor (should not affect other markets)

 

[DonCorleone]

Quote from DonCorleone:

did a war break out?

short 101.65.

good trades Vis.

out flat. will wait til after oil inventory.

 

[usman88]

Quote from Picaso:

I heard that a lot on the way to 110... and to 120... and to 130... and to 140...

Of course, after 140 it went down, so THEY were right all along




Then they flipped and it was all about accumulation at 80, 70, 60, 50...

Of course, ultimately THEY were right again

Offcourse thats why one should always use stops or be well capitalized and not use excessive leverage