Monday, June 8, 2009

Oil head fakes and we are relegated to day trading


this is the first blown call in a very long timeI was  far from alone making it I am disappointed I did not recognize the scenario sooner -some members are day trading along side me ample chances but hard work profits are being taken as low as fifteen cents so stops are tight  as well

In retrospect obviously the correct play would have been to buy the  pullback under 68
and apologies to the membership  for not recognizing the inflation fears and Short-covering scenario sooner.













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