Recap after Open-outcry

As you can see from he chart we barely reached the third sell entry of the day
at 62.5 and this too is no screaming short but rather a trade in my estimation.
The day was filled with possibilities as oil pulled back on last night's overnight to 59.53
Unfortunately we were asleep when that transpired but  at 7 o'clock when it was trading at 60
we selected 59.50 as a buy in point. We outlined that the correction was expected and called for a buy in on this pullback. It almost worked out perfectly prior to the consumer confidence 
We alerted everyone that we were nearing our buy entry and it fell just short 10 cents 
as 59.60 was a low as it would go. Seeing that it was not going to make it to the buy entry and a turnaround was in play I bought  59.82 and posted this event to the membership.  It hung around this area for a while until the confidence report  lifted the market and systemically pulled oil with it. Other reports also were beginning to circulate about inflation and summer driving and Oil headed for $80 a barrel.(One of the members clued me in CNBC had an analyst
calling for $35 a barrel citing weaker demand-I don't see it personally)and oil shattered the resistance that had previously held its ground at 62.26.  It is hard to have a regret on a day where you bank a thousand dollars but had I stuck with the system and simply stop adjusted
I could have made almost two rather than try to pinpoint the top. We typically let the market 
pick tops and bottoms and give up the last interval of profits when we are stopped out.



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