http://www.cnn.com/2011/WORLD/africa/03/06/libya.conflict/index.html?hpt=T1 Tripoli, Libya (CNN) -- Opposition forces claimed a major victory Sunday in Libya, managing to block an onslaught by Libyan leader Moammar Gadhafi's troops and maintain control of the key city of Misrata, an eyewitness said. Using machine guns, sticks and anything else they could find, crowds protected the courthouse, serving as an operations center by the opposition in Misrata, and successfully repelled Gadhafi militias armed with tanks and heavy artillery, the witness said. "The will and the determination and dedication that people are showing here on the ground, it just makes you speechless," he said. A doctor at Central Misrata Hospital said 42 people were killed -- 17 from the opposition and 25 from the pro-Gadhafi forces -- and that 85 people were wounded in the fighting, which continued on the city's outskirts Libyan govt. -------------- After reports of the opposition successfully fighting off pro-Gadhafi forces in Misrata, Libyan state TV showed a graphic -- in both Arabic and English -- saying that "strict orders have been issued to the armed forces not to enter cities taken by terrorist gangs, who took civilians as human shields and threatened to slaughter the inhabitants of those cities." The report cited "military sources," and said those cities "are being circled by the armed forces except those neighborhoods where the terrorist gangs have sought refuge. <<<< gaddafi govt. Is starting this propaganda of ' terrorist took hostage' to to justify air rides on these cities >>>>> UN -------- . U.N. Secretary-General Ban Ki-Moon talked Sunday morning with Libyan Foreign Minister Musa Kasa, appealing for an end to hostilities and discussing "the increasingly troubling humanitarian situation," according to a statement from his office. The release criticized Gadhafi's government for what it called "disproportionate use of force and indiscriminate attacks on civilian targets
in an up trend, often,there is pullback. look at whether the pullback is healthy, if too shallow, and with little volume, that is a bear trap, or sheep slaughtered place. if it is deep and support is broken, then it is a reverse. take a small size, if you want to ride a little bit longer to avoid shaken out at pullback. add size when it rockets out of pullback base.
So are the 110 and 115's, all cheap insurance if you want to start building a short position. Do big money managers use these as lottery tickets or insurance or does it depend on the manager?
We see the dollar is dropping, which gives us buying opportunities on the markets we trade most. - As the dollar makes new lows, we can buy pullbacks on the crude, - Today, with the dollar dropping, the higher percentage trades will be LONG Dollar dropping = short term selling opportunities and long term buying opportunities - Scalp the short side, and look to hold with the long side