Tuesday, June 9, 2009

Tuesday 6-02/Rally starting to show some gray







There were a lot of forces at work yesterday certainly a great deal more than a reco from Morgan we were up trading the range last night it made over 5 trips yesterday to the 68.9
and as we were saying it did eventually get through. With arguments for and against
trading becomes the next obvious step. Last night we were selling at 68.9 Buying below 68.60
we recommended going long at 68 which was the traded through to 67.8 and popped before either Krugman gave his rose colored economy outlook  or JPM gave it's thumbs up whichever theory you want to believe  Today like yesterday we trade both side look to the emails for pricing











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