Sunday, August 30, 2009

we may have the site up this week

I am hoping to get our site up this week which is to have a feature that I may offer to mebers whereby we trade live together during breaking news events like the EIA there may be fee for this live trading service but I believe all will benefit as they will be able to act as I act during the all important Wednesday session but I don't want to get my hopes too high I have been disappointed many times on this front.

Keep one more thing in mind as you listen to nearly every analyst tell you we are on a "sugar high" and the candy is running out(keep in mind this guy bought UNG at 15 he may be a little bitter) Dell and Intel just reported earning this is the heart of the tech sector
and JCG and WSM strong retail- The auto sales will be strong because of Cash for clunkers
we have recieved a lot of news and the market did not acknowledge or reflect the recent good news so even thopugh some may view us as over extended there is a case to be made another pop is in the offing. The dollar is off gain here and though Oil is now down 45 cents it was up 55
it is waiting for an excuse to run to 75 despite the so-called fundamentals not supporting this price. Let me clue you in boys you cannot determine accurately the fundamentals in Oil
there is a reason sentiment weighs so heavily there are too many ever changing variables which
make gluts look like draws and vice-versa.