Wednesday, April 1, 2009

april fool's day

Is this obama's joke -can we seriously just get all the money back that was simply thrown away
at the Automaker's etc.. The bad news keeps rolling in but the markets are not acting in concert 
with the news as it breaks. On the left is this mornings chart drag it ti your desktop and you can view it with windows media player. As for the API it: bearish for oil -bullish for gas-bearish for distillates-overall my take is bearish. This is in a range as illustrated in the m-orning so buy on the low end 47.75 sell at the pivot 50.5 for now always use stops take last night's play off the table 48.40 net $100 If the EIA is rift with surplus we could see those numbers shift even lower.
we rec: wait for EIA see what thye market does and go with it after initial headfake

other than that there is your trading range for now and we should be able to pull a few sheckels in playing those paramaters