Tuesday, March 31, 2009

pre-open 8:21

I saw a last sale of 49.75 we are up big the other way move your stop to 49.5 protect 1375
this could move well above 50 but at the end of today i want everyone flat Coming into the EIA
this one got way oversold but some analyst read the channel at closing prices- my system is based
on however high or low it goes since we take a 23 hour picture- on my chart as any of my readers should know we touched bottom and bounced -it also touched top last week many times and went down-  I like my chart better u should too
9:35
we are all flat stopped out everyone should have made $1300+-that is why we use stops 
to protect profits- as moil nears 48.40 retracement in place take a shot down at 48.25 with a 3/8 stop risk $375 to make $1000 we are up $7000 no reason to stop trading if we start to take a hit or too we will slow down and revamp