CL Redux

That didnt last long!! out for a scratch AGAIN!

 

Picaso is that you?.................................kidding.

 

That was interesting. L 105.72

 

nope not me!

Short 105.97 (try again!) (Edit - S/L now @ BE 105.97)

 

Stopped out 105.82. Had a sell order at 105.99 and foolishly pulled it.

ADD should have move my stop up to 105.92. Oh, well.

 

I smell a bear trap, that failure at r1wasn't very convincing, seems to orderly .

 

Pulling back a buck or so and chopping looks like the most likely path for now.

 

Thanks for taking the time EON...appreciate it

(btw I missed the Al Brooks Bar reference)

 

General market is amazingly strong despite the high level of crude, the new home sales tank, and all of the other things going on in the Mid East.

 

March 23, 2011, 11:07 a.m. EDT
Fed buys $7.56 bln in Treasurys, bonds stay up

NEW YORK (MarketWatch) -- The Federal Reserve Bank of New York bought $7.56 billion in Treasury debt on Wednesday as part of a program that is the centerpiece of the Fed's loose monetary policy. Dealers offered the Fed $30.77 billion in debt maturing from 2018 through 2021. After the buyback, Treasury prices stayed higher, pushing yields down. Yields on 10-year notes (U.S.:UST10Y) fell 3 basis point to 3.31%