last night at around 10-11 I was vigilantly watching for hints about Oil as I usually do when the George Soros story came out a few minutes later the World Bank unveiled its new GDP
and bleak outlook all around. I got ready instantly to hit my bid but As I went to activate the trade it went the other way up. And it had me re-thinking I recalled the Soros Incident which drove the markets down badly before March and came to the conclusion that perhaps the news was a wash. Wrong! what I did not realize that most of the trading world is not as manic as me and maybe Ted and perhaps Bill and not enough people had fielded the news It had to circulate through until the East Coast got in and appropriately knocked the stuffing out of Oil.
At that point I knew We were (5 AM)in for a helluva down day so bad in fact my buy rec
was three points lower and told everyone to sell every rally check the morning entry before 8.
The apology from me to the membership is we had it first almost and we had a lot of time to sell oil at 70 while it was moving in slow motion on the overnight. You have my excuse to why I was head-faked but there really is no excuse I knew that World Bank news was bad but gave Soros way too much credit and I forgot that we were one of the few paying attention
and should have tipped you guys last night instead of this morning.
and drop an email chrgr06@yahoo.com to schedule
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