Tuesday, March 24, 2009

80% percent results a winning formula

We wait for the EIA -this one  was no heart- attack -trade natural gas today 
for spills and chills- but the channel proved effective yet agin 54.10 is the top of the channel and again it bounced off you could have sold i got a little cautious today and offered just above
so i did nada today!
EIA I expect this thing to swim to the bottom of the channel soon which should be in the 49.75 area - a draw in demand could spike this thing so wait for the report seriously this oil may have played possum today but it will leave you on the side of the highway like roadkill if you get caught staring into the headlights

Today was a uncharacteristically nothing day- it happens even in oil- still i gave you the channel this morning i said sell up a point and if you did you made $400 based on the open outcry close probably more as I expect it to drift a little further south in the Globex overnight if you are still short but I advocate trading with a system and making  adjustments as the market dictates and it always does- Look at the numbers check the last 80 posts and see how often i have given profitable advice over that period 4 out of 5  reports have predicted with reasonable accuracy. This system makes money and although we don't always expect it to be scorching like this- we stay in the know and pay attention and do the homework so we will be right far more often than not-join once this membership is
filled i will only be sending the reports plus key trades on a timely basis to members
just a dollar a day memberships are selling and I will be catering to those loyal subscribers
and this report will then go out on a delayed basis which will be informative but not so profitable