CL Redux

Nice.

Tentative target?

(Looking for a place to get long)

 

Out 9047

 

Reversal from .96 so we likely to see 90.00


I see 2 paths
A). Reversal tp 8950. Then close 9075
B) reversal to 9000 then close. 9145

 

Short 9060

 

long March at 8748, stop 8737

 

I realize that you're a way more successful trader than me (well, that's not so hard, is it? ) and I have the utmost respect for Schizo's short, but this looks like unrelenting non-panicking buying pressure. That 50 tick drop looks like position-closing for lunch.

:eek:

Edit :29 ok, my post was apparently the signal to get short

 

long .35

lotto stop

out .33 (92), ok this was to be expected, just fishing

 

short March 8713, stop 8730

 

baby, go down , baby

 

Article from August on Blythe Masters

JPMorgan missed out on opportunities in recent years, such as when oil prices surged in 2008, because it lacked the infrastructure to store and ship oil and other commodities, Masters said. JPMorgan has been expanding its commodities operations ever since, buying Bear Stearns Cos.’ energy business in 2008 and UBS AG’s global agriculture and Canadian commodities divisions, a purchase it completed in 2009. In March 2008, the bank bought U.K.-based ClimateCare, which helps clients reduce carbon emissions and trades reduction credits.


http://www.businessweek.com/news/2010-08-03/blythe-masters-says-don-t-panic-as-commodities-slip.html