Anyone who trades Oil should trade or at least be aware of US Steel
Steel affect Oil indirectly if not directly.THe bleak 3rd Quarter laughs in the face of the Goldman reco and I would bet Money that Goldman was on the sell side of those tickets this morning at 42.5 and higher those guys play dirty and for keeps and have been for as long as I go back and Im sure farther than my twenty years also. Interesting timing right before horrendous numbers and expectations just wish I hadnt got short at 41.5 because I would have sat on those buyers this morning and laughed my way all the way to the cash machine.
I digress as I was saying bleak steel means less cars which spells less consumption which spells lower oil and worse yet bleaker sentiment. We bid 66.25 once if it cracks we have to believe the st has flipped and we may change brackets until the wind changes again
and drop an email chrgr06@yahoo.com to schedule
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