5% - 10% profit per day trading

Also gone long NG based on exceptional relative to strength to the other energy detrivatives. Tight 90 tick stop.

 

hows the hedge fund test, spanish?

 

I see that too. The one at 47.80ish?

 

http://www.marketwatch.com/news/sto...-6CE3-43D4-99A7-5BD35E201DFB}&dist=TNMostRead

Oil is trading lower today due to the shocking news out of the auto industry and the implications for demand if GM or Chrysler fall within the next 60 days," said Zachary Oxman of TrendMax Futures. "I think the market sees that this recession is nowhere near over."

 

http://www.msnbc.msn.com/id/12400801/

Jim Ritterbusch, president of energy consulting group Ritterbusch and Associates, said he expects oil to fall as low as $47
- in advance of the U.S. crude inventory report,
- the monthly unemployment report and
- a meeting of the Group of 20 world leaders in London,

all this week.

“Late in the week, all hell could break loose, but I don’t know whether it makes the market go up or down,” Ritterbusch said.

(@investvision note: I think above analyst says oil price after hitting $47 he does not know it goes down as a result of all the 3 events )

 

I'll watching the 47.80-48.50 level closely today to see if the uptrend holds. If we break this, we are headed back 44 area.

USMAN, you still active? Haven't heard from you for a while.

 

i'm holding a short from 49.75 right now, i'm going to hold it for as long as i can.

 

out at 48.50. going to try to get back in short.

 

gasoline RB dropped by 1.8% where as crude dropped by only 1.2% ,
this may be indication crude further drop, what you guys think.
I am new to comparing this RBOB to crude , seems you guys are doing for some time , let us know your thoughts

 

investvision, from what i've seen, they're not 100% correlated, otherwise it'd be too easy we're bouncing around on the support trendline starting right below 40.00. let's see if this holds.