Why did I take profits on crude yesterday and then said it would go lower. First of all it moved $8.50 which is a $8500 profit on one contract in 5 trading days, secondly I am not 100% confident on the wave count here. If we are logging a wave four which I definitely think we should see lower prices but why guess, just trade it.
MARKETJEDI
Tuesday, July 7, 2009
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