Monday, June 8, 2009

It started to look a little suspicious/short covering rally

That might be all folks that is kind of what we were just talking about My second entry at 68.6
missed by a lousy penny. I am hearing that some in the group sold that SCR at 68.55
And I say that is some  head's up trading we should have pulled our offer when we witnessed this thing just hang out  we wrote about this possibility just minutes before occurred and 
hopefully more members got the message to sell a little higher even if they got stopped.
That trade has already come and gone as oil went to 67.95 almost immediately after.
We did say if it broke we might be buyers at 67.91 but alas we were waxing romantically about this potential now official "Short covering Rally" I am seller into the peak  of this manipulation
When everyone is short and it does not go down it has nowhere to go but up.
Still one stop out in four entries










Click donate below for a one hour phone consultation
and drop an email chrgr06@yahoo.com to schedule