GM Cl traders . Seems that my zzzzzz got me to miss the action. I am clarifying this approach : candlesticks+patterns+ elliottwave simplified . I need to add the moving average indicator. Starting to read the other huge thread. I hope it won't send me straight to zzzzz.
GM Tired today. Feel like going back to bed. But I'll stick around for a bit. Just did one small chump change trade. No big moves obviously like yesterday. Asked them for a do-over but they told me snooze you lose. Well, we'll see what the EIA report shows in an hour. Doesn't seem to affect this lately as much as it has at other times. Will it today? Stay tuned. BTW ISM and construction spending at the top of the hour. http://www.briefing.com/investor/calendars/economic/2012/01/30-03
WASHINGTON (MarketWatch) - Business at U.S. manufacturers continued to expand in January at a somewhat faster pace, according to a key index released Wednesday. The Institute for Supply Management said its manufacturing index rose to 54.1% last month from a revised 53.1% in December. Economists polled by MarketWatch had expected a reading of 54.5%. Any reading above 50% indicates expansion. "Manufacturing is starting out the year on a positive note, with new orders, production and employment all growing in January," said Bradley J. Holcomb, who's in charge of the ISM manufacturing survey.
Hang in there bro. Not making any money myself. Should have gone back to bed. I saw a number of large buy orders earlier near the high that weren't pulled and actually got filled. Joined them and lost $40. No biggie. But missed the big short op. EIA is coming out in 15 mins. See what we get.
API estimated that crude inventory rose +2.1 mmb in the week ended January 27. Concerning fuel products, gasoline inventory fell -0.46 mmb while distillate stock gained +0.97 mmb. Was down 9 bills now I'm only down 3 I feel like a winner!looking at hourly profile this thing could go either way so I'll just watch and fade the nonsense