Monday morning 3rd times a charm/swine flue versus technical analysis

Members we sell on the overnight on Thursday Friday and Finally Sunday protected with stops but finally the big hit.
We told you to pay attention members sell at 51.45 on the nose currently trading at 49 we are up $2500 plus to start week
move stop to 49.5 and keep the southern shot on. Oilitradinginsider hits another long ball. We knew we were overdue for this
down move once OPEC came out Sunday with calls of cuts to support prices it had the feel of despair that with double (really 123 top)top and currency collapse and the swine flu crushing both commodities and equities across the board and the inventories were horrible last week and oil went up anyway Merrill finally chimed in on this point but pointed out oil should be at 62 average until 2011.
Here is a point we have brought up as it is argued by technicians frequently. Technicians will tell you that this unknown potentially cataclysmic event of the worldwide swine flu was built into the chart and therefore predicted by this type of analysis
We saw the bear claws in this chart for three days and cautiously positioned ourselves and our members on the short side with stops and though we use charts daily we keep our eyes open and listen for the economic "hammer to the forehead" if I can quote myself- Truth is we never would have shorted this if the chart did not present itself with such a bearish configuration and the news came out ex post facto


Not trying to be smug but it obviously feels good to be right even if it took three tries. Remember each of the past three night we had shifted stops and actually netted $675 the first two- that is discipline. All members I hope by now understand the importance of these vehicles YOU CANNOT SURVIVE TRADING OIL WITHOUT USING STOP ORDERS- and further they are kind of fun as they let you keep a shot on instead of covering while still being a so-called disciplined trader! Once again we have been telling and by email advised all members to trade last night it is only 8 AM if you did not sell last night you missed it. We trade this 6 days a week 23 hours a day 5 days a week plus one overnight Sunday-It sounds more ominous than it is this work is fun and with stops stress levels are reduced dramatically. This is a long way from ditch digging!


We are hearing a lot of jargon about the market revisiting November levels once more before launching back skyward
Our position is and continues to be as has been since March 9th buy all dips our equity account will not be liquidated any time soon it is our long term model everytime you get down a couple hundred points in the Dow you should be taking the excess money I am making you and it is considerable and cherry picking the sweetest stocks in the strawberry patch-Look at the size of the berries in the RIMM patch already nearing $70 almost double in such a short span! Come oilitradinginsider nation let us rejoice!