Must have been an after the fact cover last night because there is no way I covered then and then the futures ran to 380.
if oil behaves here with ibm up 2 and the street going to hype tech huge the next 2 weeks and the end of dreaded oct near and the strong seasonal period near one could position a few long and hold 4-6 weeks here
Mid Nov to End of Dec have seen run-ups past few years. This weeks action will tell us wether it will be same this year.
"if oil behaves here" http://news.yahoo.com/news?tmpl=story&u=/ap/20051018/ap_on_re_us/tropical_weather&cid=519&ncid=1112
yes and oil has run from $60.30 to back over $64. if wilma misses the oil rigs oils set up for a move to $55 as its decline was interupted by wilma. i trade the qm's and am waiting for a short entry
Why short? Too many people got caught with their pants down on the short side. I see a little more upside.