I have been very bullish and think I got a little to close to the news buy the dips has been my mantra but I got away from it a little bit and missed a serious buy in.
All day long we were writing about this sell of being"manufactured by the ministers" and how the market was bigger that any policy maker . The break of the 70 line threw me a little but once the currencies stabilized it was back to bullish business as usual-The manipulation had even less staying power than I had guess as I expected one more little push to the down side. As far as the BRIC We think we had the Russian perspective but with China India and Brazil we might get a much different look and they might in fact push the currencies which in turn will hit the greenback which in turn is all Oil needs right now that or any inventory excuse or analyst Reco and it is straight up. We will need to eye all news from this manipu-event.
Looking back at the chart trend line wasn't even violated at 69.6 yesterday's low and we did bump up our buy entry to that level alas never revisited. Yesterday also featured some surprising rally's out of nowhere to now in hindsight areas that had us thinking but we did not commit. This was an opportunity lost to our chagrin. Although trading was profitable nonetheless we have a group to consider and we got needed to step back to see the bigger picture We usually do- not yesterday. The FEDEX numbers are due soon and will be monitored there comments pushed the Markets back on March 19th. The Yen got a kick from rates staying at close to 0 with Bank of Japan comments. The high yield currencies are getting
a boost from the cart not the horse here as rising prices can conversely push them as well.
Lots more news to evaluate 7:31 new pricing will be out to members shortly.
and drop an email chrgr06@yahoo.com to schedule
Posts
