Tuesday 6-15 -09 Overnight

the chart to the left is look at the dow jones industrial average it is a daily chart depicting specifically the explosive rise in prices since early march also it has a trend line drawn in and today's drop has not only recrossed the 200 day moving average but is now at the support.

I entered a lower buy entry today and apologize to any member that did not read the posting 

I sent it out when it was around the 71.12 area and the chart shows that it went back up through the entry price by the time I uploaded and printed the chart. If we near an entry and you are not sure email before and I will tell you if it is still valid. Typically my entries are longer range looks that are 

good for the day but there was news out today first good then bad. On my update post I changed both my stance for the day plus lowered my entry. It went far lower than this as my second entry was in the 70.8x area and as we know the bottom was 69.8. Anyone that had a bad trade I did not just forget about them and move on -no I regrouped created a new strategy 

and posted it before I executed it twice for profitability. I told members to wait three pips in the opposite direction we vaguely identified the are to be close to 70.xx and reco positioning with a buy order. If you came in like me your price would have been close to 70.12 it then proceeded to go back to 70.5 then 70.89 and back down and up one more time both trades were

easy 30-50 which should have more than made up for the stop out-I know all traders are busy and I am not sure if you were with me on this play but I don't just forget about you after a trade goes south in fact that is when you find me working and making adjustments more often than not.

We are back in the overnight after the overall market party was ruined by the industrial production numbers. Carl larry just came out and called for 85 dollar oil then lower to 60 then to 100 by year's end.. Mulva  of Conoco also predicted higher prices for oil  and a better economy and higher natural gas as well.

Overnights are getting more predictable I am once again overdue for being on the correct 

side when it all said and done by 11:30 I hope to long stop adjusted with zero risk taking a free

shot and hopefully wake up to a morning like this one except be long 1 contract up $1690-$2000 6:00 away we go

touched on natural gas as well

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