CL Redux

I've been reading that interview every week for the last couple of months and I've been fing crushing it! It just makes me think clearly for some reason. It is also the reason I don't post much anymore, well... there is no more BCE either.

Anyway wtf is going on we aren't going to 93 over night are we? To unwind the web of options I'm in right now would be costly.

Remember that wedge the DX was in I mentioned earlier well...

I hate this no volume BS is it "real"
 
Quote from riskaddict:

I've been reading that interview every week for the last couple of months and I've been fing crushing it! It just makes me think clearly for some reason. It is also the reason I don't post much anymore, well... there is no more BCE either.

Anyway wtf is going on we aren't going to 93 over night are we? To unwind the web of options I'm in right now would be costly.

Remember that wedge the DX was in I mentioned earlier well...

I hate this no volume BS is it "real"
More...

I got his book after that interview, and it is very good, and learned a lot from it, although he is not a day trader.
 
Quote from riskaddict:



Anyway wtf is going on we aren't going to 93 over night are we? To unwind the web of options I'm in right now would be costly.

Remember that wedge the DX was in I mentioned earlier well...

I hate this no volume BS is it "real"
More...


Spain nationalized a bank yesterday & the JPM news. Europe will shit curry


J.P. Morgan reveals surprise $2 billion trade loss



SAN FRANCISCO (MarketWatch) — J.P. Morgan Chase & Co. is looking at a $2 billion trading loss that will eat into second-quarter results, pressuring shares of the bank after-hours Thursday.

http://www.marketwatch.com/story/jp-morgan-reveals-surprise-2-billion-trade-loss-2012-05-10
 
Any grand long term predictions from here?

The bear flag is fairly evident now for all to see. If we do break below, the 94 zone looks like a possible support area to me which is not that far from here.

A measured move would give us another 10$ drop and a lot lower.

I will probably not be in a position to trade such a move anyway, but it`s still interesting to see what develops. :)
 
Quote from Laissez Faire:

Any grand long term predictions from here?

The bear flag is fairly evident now for all to see. If we do break below, the 94 zone looks like a possible support area to me which is not that far from here.

A measured move would give us another 10$ drop and a lot lower.

I will probably not be in a position to trade such a move anyway, but it`s still interesting to see what develops. :)
More...

I believe if things get ugly this could drop another 10 full points before much of a meaningful bounce, based on a look back at some of the larger drops over the past couple of years. If that were to happen I would want to back up the truck at around 84-85, ahead of the summer driving season, etc. That's my ideal scenario anyway.
 
Quote from tomahawk:

I believe if things get ugly this could drop another 10 full points before much of a meaningful bounce, based on a look back at some of the larger drops over the past couple of years. If that were to happen I would want to back up the truck at around 84-85, ahead of the summer driving season, etc. That's my ideal scenario anyway.
More...

Nice. Do you intend to play it, if it plays out?

Something is happening now, but I assume we could snap back up.

95,30 last line in the sand?
 
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