Saturday, February 5, 2011

Gold

Though we get a minor bounce in Gold. My work is still telling me we will hit 1276 before we get to new highs. So how would I play it. If we retrace down to the 1278/6 area I would be a buyer but right here I would not be willing to short though I feel highly we will hit 1276. Just not what I do

Friday, February 4, 2011

BINGO- OIL

Man oh man yesterday I got out of oil long as I felt Oil was going to get a pullback. Even on a gap up this morning I felt the same. Now look at it dive.

It will post where I think it might bounce later.


BINGO

Thursday, February 3, 2011

Oil

So this morning I took off my Oil trade as it looks like we digesting too much here. Looks like we will get a pullback.

GS also heading to last week's low in a rush as noted it would.

Wednesday, February 2, 2011

GS

GS looks lower- first stop lows of last week then $153.

Crazy

One crazy market just when we thought we have a reversal in place we get a HUGE trend day up like yesterday. I am not in the perma bull cap that THIS is a new move here higher, my thought we will pullback much like Oil did THEN continue up.
For today I don't expect much as we should consolidate the huge day yesterday.

Tuesday, February 1, 2011

Finally

here comes 1305.

Monday, January 31, 2011

OIL

Hehehehehe how sweet patience is???

Bingo!