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Strategies & Market Trends : Charts & Scans

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To: Jeff Jordan who wrote (5021)	2/12/2009 9:32:47 AM
From: Jeff Jordan	Read Replies (2) of 5125

Sideways movement and bearish sentiment still highly negative. I've made good profits trading BAC and SB this last week fishing. I still have some F, THC, a new position in PCX. Everything is tradable in this atmosphere of uncertainty. Watch for weakness and 70% fib cross, buying opportunities if we test 1.62 potential lows. We could stay in the trading channel and go higher if we get any good news and change in sentiment? I had a mediocre showing on Sam Rayburn the fish weren't really moved up yet with the lake level 6' low. High winds also kept me from running up the lake. Toledo Bend is normal and is fishing well and it should be turned on good in a couple of weeks. I found some fish prefishing. I expect to locate some more spots before the Open starts. Finding a few good spots will be key in having some success over three days of competition.

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