Thanks! It took several entries to catch this move, but I agree--- this may just be the start of something big! I'll link the blog here once its set up. I'll be posting charts and talking about more than just the market--it should be fun! regards, surf
I got stopped today on my SPY shorts at my entry for a washed trade. So you should be good for a $4.00 drop now that I'm out.
Man, my index and currency trading has been abysmal lately. I am totally out of sync. Good news is our OIL trade is fluctuating around break even-- holding long here, still expecting >60 the blog is not ready for release yet, i'll post the URL when ready. thanks, surf ps. I'll leave you with what may just be the best unknown rock of this decade: http://www.youtube.com/watch?v=wCUABdgqg64 rock on my brother!
OH YEAHHHH---less than one month, and our oil longs are in profits! holding long here. flat indexes and eur/usd. regards, surf
mr. marketbarometer has some cogent analysis of the oil situation on elite. holding longs here: http://www.elitetrader.com/vb/showthread.php?s=&postid=1348767#post1348767 <i>yes, i agree. we went long oil at 57.12 on jan 8 2007 when a long term long play was signaled. took heat from both our capital provider and market community at large since the entry was early. now, less than 30 days later, the trade is profitable and we are holding for the ride up. thanks for the cogent analysis. best surf<i>