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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures
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To: GROUND ZERO™ who wrote (7419)8/31/2005 8:53:09 AM
From: c_hl  Read Replies (1) of 12411
 
I covered 1215 short yestoday b4 open. Too early.

I just went long when I saw the oil dropped like a rock. 1211 long and add some 1208 which is inside the wall.

I feel the market is in bottoming process. It has a red/green/red/green type pattern. So the chance to go green for today is high. Plus I see oil maybe topping here.

Here is what I see:

for crude:
Last week, Oct > Nov by about 70 cents, now after the hurricane, the spread is gone!!! That maybe signaling something.

the spread in heating oil contracts decreased also. But increased big time in unleaded gas contracts. So I short oct unleaded and long nov.
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