Monday, May 25, 2009

here we go again/overnight positioning


Not enough really to go on and I suppose I would advise waiting for a pull back to buy but 
I will stay up with this trade and we managed to scrape almost $900 with the non-event
Sunday to Monday.  The dollar is down a bit the futures are up a bit and a lot of talk
being bandied about regarding N. Korean nuke test set to destabilize the region 
We take a flyer here on the long side as you can see illustrated on the chart to my left. I will move stop as per usual to break even as soon as possible. 60.5 Which was resistance has become near-term support as else remaining constant.




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