Thursday, March 26, 2009

stop right there market summary

 The channel when will  you embrace the channel- there is seldom such an obvious technical
indicator-If you are one of my readers you getting paid on this development it wont probably one reason they call it a pattern- For now it lives as we shift o the right the channel keeps extending the new sell spot off the bull rush is 54.75 now if it makes a run and the market looks a little shaky sell a quarter lower do not be afraid just use your stops. up a quarter if it moves in your favor  move it down to guarantee a win while still leaving your bet on the table. If it goes against us we lose only a quarter after all the trades we have done this week we were stopped out once and we shifted it lower so we only lost a 10cents-Further we flipped the position right after setting up a tasty win the very next morning.  I will probably sell at 54.26 tonight for the overnight play as it feels like it may spill lower on the Globex.

Ok I'm in at 54.25 short one you should be too -currently 59.09 move your stop down to 54.25
to eliminate risk and you can sleep if we can stopped out too bad it is a free shot at a drift down


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