Monday, March 7, 2011

Not liking this action

Reason I am not liking this action is I am getting lower projects every time I wait for more candles to form- now I have a lower project of 1298. I am neutral here but I am very weary of going short from what has been happening over the last pullbacks. So when in doubt just relax.

Slice

Sliced thru 1311 like butter :). Not looking good here at all.

1311

Here it is below this level we have 1304/5 area, then 1301.

Interesting indeed. Maybe we really get the pullback to get on board for higher prices

1311

Again if we fail today look for a test to that leave- I don't like this action AT ALL. I am sitting on my hands.

Oil $107

Oil in $107 area wow- pain at the pumps.