CL Redux

there are many trends on many time frames, enuf said

 

Cover 102.85

 

Long 102.89

 

close 103. 14

 

Choppy today, started off buying a top to get me negative for the day, but worked my way back to positive.

Best trade today was an ES trade I held long for 2 points of profit, making my risk vs reward today pretty good.

 

That was a good observation. I added this to my chart.

 

President Obama is speaking from Chile.

http://www.msnbc.msn.com/id/21134540/vp/42195020#42195020

 

Good deal, OW. It was quite choppy. I got to where I was scalping for .20's, afraid every profit was going to evaporate.

I consider buying tops and selling bottoms to be the trend-followers' Badge of Honor. I've done it many times, but the big winners far outweigh the small losers

 

Only distantly related to this thread, but just saw this image from Japan. Those poor people.

 

Out 103.05

I was hoping we'd grind higher like Friday, but it was not to be.