What a week BAnk of England and a dolar rally diverges Oil against the market
Every Single expert now I mean all of them tedchnicians included believe we are in for a correction here and the way Oil acted on Friday I might be inclined to actually agree his time for now but with some caution the channel will not be violated without a further surge in the dollar
our channel bottom price is 69.5 our channel top 73
the CFTC threw some cold water on OIl but the real threat to Oil is the FED they will have to make some kind of move at some point to protect and unwind fro the printing press they ignited which propelled us here. The market is still very strong and Oil will not crack unless the market pulls back as well I think this all still too early to occur so we will buy the channel bottom unless the dollar screams higher or the market plunges. For Sunday we will send our play via email
W have tickets to the New york Yankees vs the Boston Red Sox and will be trading by blackberry at the game
and drop an email chrgr06@yahoo.com to schedule
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