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Strategies & Market Trends : The Home Run
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To: gold 77 who wrote (381)9/28/2006 7:47:03 PM
From: Patrick Slevin  Read Replies (1) of 525
 
Crude Mini contracts are $500 for each dollar move in the underlying.

Even if the Contract goes to 80 from 64 I'm not going into a higher tax bracket.

I'd stay out if I were you. It's not worth the aggravation.

Better to play Oil related stocks. No leverage but less issues with regard to Blood Pressure.

Let's just hope that Gold holds it's act together. The Gann Theory guys have Gold dropping into a Black Hole. Can't say as I blame them. Another drop into the 570s and it should be cooked.

Needs to just stay stable or higher. Hopefully by the time the Elections are hitting it will be moving in our direction.
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