CL Redux

[BCE]

Shaken out of my long right before the break, got distracted for just a moment, and took off without me. Damn. Oh, well.

 

[ammo]

sh 5.85 target 5 10 stop 30 edit target 5 55 out 63, nodoji's 20 sma holding for supp at the moment

 

[BCE]

Quote from ammo:

nodoji's 20 sma holding for supp at the moment

I was noticing that just now too.

Edit: Actually it's the 50 EMA that's holding which is 105.59.

ADD: Now it's 105.60 and it bounced right off of that.

 

[ammo]

was looking at the 5minute 20sma,i think thats what she uses

 

[riskaddict]

While I was at the gym I had a buy order at 104, kind of sucks that they give you dirty looks if you use your phone while you're working out because 104.75 looked good to.

Lots of places to try and fade a rally today.

 

[ammo]

sh 6 11 .50 stop

 

[BCE]

Careful with those shorts. I think this news is that last bounce at least, which I caught some of so all was not wasted.

The news:

March 7, 2012, 12:00 p.m. EST
Fed weighs new form of quantitative easing: report

WASHINGTON (MarketWatch) -- The Federal Reserve is considering a new kind of bond-buying program that would simultaneously try to limit inflation, according to a report in the Wall Street Journal. The Fed would print new money to buy long-term mortgage or Treasury bonds but effectively tie up that money by borrowing it back for short periods at low rates.

 

[ammo]

cl 3 month offer 6 28 settled for 20 so sh 6 11,6 20

 

[BCE]

Quote from ammo:

was looking at the 5minute 20sma,i think thats what she uses

You're right. I forgot and had a 1 min chart up.

 

[riskaddict]

sorry its off topic but look at coffee its just awesome!!! I wish I had the balls to short that below 200. Might buy around 185 - 180. Maybe use the JO and make it my swing trade of the year!