Tuesday, August 25, 2009

budget estimates and a look at the natty sell channel;


The first price I gave you was the pivot the sell was the channel top
but I have sold one at 2.95 the high as far as I could tell was 2.97
I bought back too quickly and flipped the second contract for a small loss
we are getting close to the s1 2.72 and s2 2.63 piercing of the s2 would break though the bottom of the channel and would point to a trip to 2 I don't really see that happening but the pressure





Home pricing bullish budget data including unemployment looks all the way to 2010 to see real growth

on the next run up I will buy some protection for my portfolio