Monday, May 11, 2009

daily chart


here is a look at the days activity we sold today at 58.60 3 cents off the high

we can tell everyone now we had marked last night and alerted members to resistance at this level 58.6
 
This is clearly a breakout and has occurred because of china ,the dollar and short term inventory concerns are trumped by these and other larger issues like longer term inventories and inflation. We still make money from either side intra-day but we can see where this is ultimately headed.