Wednesday, May 27, 2009

good vibrations last trade 62.92/morning prices


Stopped out on the overnight play at 62.49 for a small profit plus $310 - commissions.Having an open order an stop adjusting is a much better scenario but it is what it is.
Where to from here?
Inventories are coming and if there is a draw they seem to be looking for an excuse to run
this event even further.
Time to  take in the awe of the bull and there really should be no shock that it goes up
Just like when it crashed no one could believe it could possibly go down another day and that is precisely what it would do.
Of this bull market. It appears we are not quite ready to take a breath and the pullbacks to get long will be ridden longer rather than trade.
Im going to trade less today and let it come to me.

Morning entries 


buy  60


Sell 63.5   









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