Wednesday, May 13, 2009

when i doubt Lay out


We had one of those special trading days yesterday when almost everything we traded worked out and there were many. Today there were conflicting signs but we gave the bear signal and told members to sell after the news on retail or EIA if either came up bearish. We did not trade today yet. But our advice should have helped. Retail came out weaker than hoped for and the sheer gravity of the market pulled oil down with the rest of the solar system.
 We have noticed we have two types of traders and we think we can help both
Some that have experience and I can add to their already formidable knowledge by giving a second look at the equation and the newer trader that should strictly trade with me on my entry points and stops and never waver until the science has been mastered.  We will be emailing overnight pricing after the break tonight.