1,2,3,4,5 legs in from the short side July contract today's trading action

We were bullish from this morning granted we were disappointed we did not stay long from 57
but we are glad we covered our short at 57.375 at that price. Coming into the AM 740ish
we had been watching currencies and decided crude was on it's way up apologies to any members that misread this mornings order as some got in some did not. After that
we flattened out on the first run over 59 and considered buying back but did not on the ensuing dip back to 58.6x We had resolved to sell near the weekly pivot as we were expecting yet another lower high so to speak and shaded it 15 cents to the south and we were promptly taken out and stopped out for a $300 loss(usually I use a quarter point stop had I made It a 35 stop 
I could have covered at 59.2X because) within minutes it dropped and re-climbed to 59.82
we sold at 57.77 and covered at 59.60 then sold at 59.90  covered that at 59.65 
and finally sold right here 59.73 we could have gotten 59.80 had we waited.

lifetime locked in price

Join today the price moves to $40 a month June 1 2009