Tuesday, May 27, 2008

Market

Not much goign on today. Although a decent morning for me shorting Citibank and the S&P 500, the thing is market has no news to push it higher and the volume is weak.

WFMI short is still workable here

OIL

I hope I am wrong on these fib extension numbers but the new projection is $146.50. At that level though if my fib calculations are correct I would expect a test of the $150 level.