Tuesday, May 12, 2009

Today among other suggestions We said sell 60.5-we said buy 58.15 and a couple in between


With the break a half hour away we rethink entries and we look to the spread with one week to go in expiration rolling to July is in the the very near future and we believe in the continuance of the uptrend so dip buying is in the offing as well but should we take advantage of what could be an overnight drift to the south with fears of the Oklahoma facility brimming with supplies to the tune of a more than expected reserves. We used to take this more seriously-Wednesday used to be the day most feared and revered but The EIA although still having an effect on Oil clearly has taken a back seat to the more dominant indicator common sense.  Again despite the talk that we are forced to endure by whatever talking head flavor of the moment- We buy pullbacks and will tell our membership exactly where taking the guesswork out of the game.
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