Registered: Oct 2008
07-16-09 12:48 AM
Quote from stoneface:
I am no expert on CD.
Thru my amateur lens w/ respect to CD... it looks like longs have built up... accumulation for a new rise to challenge 950.
In any event, "vanilla" style market analysis would tell us... that market support is still alive and kicking. Buying out of the 870's from long term buyers clearly showing that the selling interest below 870 is now there right now. If we aren't going down, we're going up.
Yeah, I saw that 870 on 7/13 but it it was awkward, cd was below AH referenced 865.50 low but price higher . . . I wasn't sure how that is played . . . CD was however higher than 7/12 868.75 low . . . if you played the 865.50 low and were awake at 2am EST on 7/13, and you got fills . . . it was a nice trade . . .