Friday, May 29, 2009

Deja-vu all over again/charter membership sold out/I am long 65.20


It is 2:39 Am I was stopped out at 65 more than two hours ago and decided it was prudent
that's right prudent to go long and buy above 65. I have a stop in place at break-even at 65.20
The dollar looks weak and Oil takes any excuse it can this week. Selling into Crude here is tantamount to standing on the tracks and trying to stop the express train with 
our good looks.  Forget overbought for a day or two. Speaking of forgetting it was just last July
Oil was 147 how oversold was it on that descent.  I made small profits trying to sell with diligence and stops but we shattered our weekly goal yesterday going with momentum
not against it and that has to be the smarter play. So we are long and that may seem insane
seeing as it was 59.82 we bought just days ago and we really have no reason to keep trading
this week as we have reached our goal for the eleventh consecutive time.  Yes we are long 
and rather than trying to be smarter than the market we will let oil tell us when this rally 
is over and we can well afford the stop out when that occurs.





last days to join



Charter Memberships are sold out!!
o spots left join the charter membership prices are $40 per month June 1 2009