Thursday, May 14, 2009

reversal of position-dollar rally kills crude


when do you sell after a 2..25 point decline ? Whenever conditions tell us to- We bought 57.70 and got stopped out there and sold there taking a short position into the overnight stop back in place at 57.7
dollar way too strong here we might buy at 56.5 we probably will just stop adjust if dollar rally continues
take another look at this mornings chart we talked about the testing of the support line once that broke it has turned the tide here- we became bearish but did nothing at 59.65
and bought at 57.7 only to flip the script
The trend is your friend the axioms have a truth to them

text alerts are available to members just shoot me an email or you may be able to set that up with your personal email addresses