Monday, March 23, 2009

both sides of the toxic avenger-always use 1/4 point stops

I tell you market is up they find any talking head under every rock they turn over to let them sing about how the market has bottomed with endless blue skies ahead-on down days you here again after the fact that  a depression is closing in- Point is they get you to buy at the top and sell at the bottom far more than them guiding you through a trend change in the open market.  as far as today's rally -They have always loved this plan  and it was bound to go up the second they mentioned it again-  but there are some crucial technical levels to cross to make this more than just another bear market rally.
Oil is in a bull trend there is no denying that nor would we want to but you still  have to be loose and find key spots to buy or sell -Cold hard truth is we don't really care as long as we areright! Use this chart wisely as it shows us that we can scalp for half point with relative ease 
if we are patient and wait for our spots to buy or sell- Today playing both sides we have netted a cool $1737.00 not the best or worst but a positive day thus far and that is all we need consistency. There weren't that many clear signs today but enough to net a fairly nice profit in 4 trades in and out-Now pick your spots and as long as everything is close here it is okay to sell around 54 and buy around 52 we finesse and pinpoint our spots as we get close but don't worry we will check in and let you know




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