Monday, August 24, 2009

the market looks shaky-we have no catalyst

fear of tomorrows price number looms
74.81 the high in Oil so far we had told members to sell near 75 we already covered out 74.75
sale
2.97 the high in natty currently 2.875 we kicked out our buy back at 2.92 as we got a recross
we look like we could go either way here as I hold the second contract I would like to see a close at least in the 2.90's we do not have a trading buy signal yet but a 2.880 might be a trade get near 2.97 and lose your second contract again we are trading this more aggressively until we get our money back

Rimm as we said before looks tired and has given back over a buck the market is up 8 it was down it was up more early