This should have been a lot worse just like back when it went down last Sunday night with the bad news coming out of the woodwork like termites that have hollowed a structure. Somehow the house still stands. Members I sent out my trading range with position
and my trading buy in leg lines up goes past so-called techinical analysis
a lot of people were fooled on this last run up and a lot of people are short hoping desperately
for it to come back down and more than the lousy point and a half it corrected commercials
and traders are short lower much lower . While we were buying and selling riding the move
from left to right many traders were averaging up because it has to go down now right?
If this doesn't go down soon It will more than likely turn and go up in their faces realizing the nightmare they have been living and dreading since deciding that it has gone up far enough
so many deviations ago because of short term inventories and dollar reversal.
I position trade at time but last week I legged in from the buy side after counter trending from the sell side at key points. This is no forgone conclusion and the longer it hangs around here without going down well what does not go down goes up!
As I was coming to this conclusion Oil was 71.22 I look back at the screen 71.77
So there you go
and drop an email chrgr06@yahoo.com to schedule
Posts
