ES Journal Archive (2006 - 2008)

CRUDE OIL could crash right here, long $US dollar into december good bet as well.

 

Long from 1438.25, half position..

EDIT: Doesn't feel right. Out at 1440.50 for +2.25.

 

Looking for 99 or 100 (January contract), and then massive selling.

As for the US dollar, it is hard to lose fading supermodels.

 

looking for 96.5 then trickle down to 77

 

Short from 1443.25, half position, close stop.

EDIT: Out at breakeven. Flat.

 

exactly what i was thinking.

 

Recovered 7 ES handles (ask Coach , remain long GOOG and BIDU.

 

I am looking at shorting crude again as well as looking for one more high in the euro to start dumping my euro currency and switching back to US dollar. Its having a hard time getting to this next high.. but ill be patient. British pound also looks like new highs starting today as well.

 

Could all play out very well.

 

ya its classic overcrowded trade... you know there are a lot of top pickers right now.. placing stops above that high classic thrust and reverse and then everybody trying to exit the door at the same time.... time will tell.