Monday, March 30, 2009

this too shall pass!

oil cracks 50 to the downside we are slowly but surely getting there. we now move our stop to 50.25 protecting $4000   looking to see another point we will cover at 49.25 for a cool 5 g's
and then re-assess whether to pick a bottom or not- this negative rhetoric amuses me
they always spout yesterday's story we need tomorrow's -  that is probably why you read this
Stay with the channel cover like me when I do- if you have not already we will probably crack the lower line of the channel this does not signal a change in trend by itself- i  will keep you posted 
If you made money along with me please comment and send an email and let me know how cool this was for you



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