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Old May 11th, 2012, 02:09 PM   #29935
tomahawk
 
 
Join Date: Apr 2007
Posts: 1,952
Quote:
Quote from Laissez Faire:

Thanks for the response, wizard.

I agree, not likely. But the charts are looking fairly heavy now, so who knows.
('whizzer' is more like it ... )

Agreed, looking heavy. But is there enough juice left to push it either way? Seems like it struggled just to reach average range up at the high.
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Old May 13th, 2012, 06:14 PM   #29936
Laissez Faire
 
 
Join Date: Sep 2010
Posts: 4,530
I wish I had capital for a swing trade.

Further down side seems to be a given from here, just not sure how much.
Attached Images
File Type: jpg cl 06-12 (120 min) 14_05_2012.jpg (124.7 KB, 88 views)
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Old May 13th, 2012, 06:33 PM   #29937
stephan31
 
 
Join Date: Oct 1999
Location: Elbow deep in Pussy
Posts: 347
QM (margin isn't too bad) for target of $88.00?

Leveraged ETF or spot CL in foreign broker fx account or ???

Go in with a friend or two on a QM (mini-crude).

All things are possible.

Peace

Hedvig
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Old May 13th, 2012, 06:34 PM   #29938
stephan31
 
 
Join Date: Oct 1999
Location: Elbow deep in Pussy
Posts: 347
Wait a second!

You can't wait for a pullback a bit higher and do a put option or a bear credit spread?

Get your thinking cap on!!

peace

Hedvig
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Old May 14th, 2012, 01:24 AM   #29939
vincentvega
 
 
Join Date: Feb 2012
Location: Chicago/CME
Posts: 110
Is CL not a megashor (swing/trend trade)
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Old May 14th, 2012, 03:49 AM   #29940
EON Kid
 
 
Join Date: May 2009
Location: the basement
Posts: 3,679
Quote:
Quote from Laissez Faire:

I wish I had capital for a swing trade.

Further down side seems to be a given from here, just not sure how much.

The trade is a little crowded
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