Monday, May 11, 2009

Around 3 Am OIL took another drop


Oil down 1.36 here and we are trying to gauge our meters after trying to sell and missing our sell entry point by 27 cents the first time and 12 cents the second time puts us in a place has us looking for a spot to buy in it could be a point lower easily oil has come a long way and on a pretty steep incline-We are unhappy that we are not stop adjusting as we clearly wanted to sell and we don't think it's quite over yet. Oil went from fighting it's way down and now it seems to be dragging the market down with it.  To the left is a chart of the current cycles of oil fairly astute observation members we will 
take one shot at bounce b4 we take our entry point way lower