Tuesday, August 25, 2009

CRUDE-BINGO

Bingo on the $75 we said we would hit - Now what?
Well I see big enough divergence here to poke it short @ $75 and will see what will happen in the next few days

Remember

Remember I am still expecting 1045/1054 range and maybe 1069 but that should be all she wrote.
We are getting closer and closer to these numbers so keep sharp, extra sharp.

ES

Market should make a pullback and I am looking for a test for that 1006 again and technically a break down to the last swing low of 976. I dont think the risk reward here is on the bulls side and therefore I would be more inclined to short

CRUDE

Getting some huge divergence on Crude here- If you are long I would be scaling or getting out.