CL Redux

Just curious why .10? I see that it's basically the retest of the pennant breakout, but any other reason? I was thinking .05 -- it's today's VPOC and I might have even guessed 89.00 would be in play.

 

but if it clears 89.50 , bears will throw in. They been chopped to death all day.

 

could have been either 89, 89.05 etc.. 89.14 was the level where 2092 cars on the buy showed up on push to 89.53, so that's a reference point i was using.

 

possibly a 3 drive down on 5 min.

 

here is the chart

http://www.screencast.com/t/3Z3UfOlvic

 

technically 89.50 level is short. missed it

 

As Jim dalton would say, overnight inventory was long and the market answered the call right from the open.

 

they are defending 89 level like its their motherland. out 89.32.flat. do not want to sit and guess if 89.50 will be taken out.

 

short 89.38 stop loss 89.51

 

stopped out. long 89.51