Thursday, March 19, 2009

the other shoe

this baby is in an uptrend and will occasionally make violent moves that will leave u bruised and bloodied if u leg in from short side without a stop in place. the buy channel keeps evolving so for tomorrow sell at 52.25 but buy back 1/2 to 7/5 point without feeling -this is no joke -take profits or there will be none to take at all-stay with the market when it is moving up it is not a good idea to leg in from short side- even with excess supply "the other shoe has dropped" this fed buy program has changed the game-the way oil moved up on all this bad news it was like someone 
knew this four days ago conspiracy theory aside money can still be made in bunches with expert placement couple with risk limitation